Should Investors Be Selling Brighthouse Financial Inc (BHF)? J.P. Morgan Has Just Downgraded The Stock

April 21, 2018 - By Ellis Scott

Brighthouse Financial Inc (BHF) Receives a Downgrade

J.P. Morgan downgraded their rating for shares of Brighthouse Financial Inc (BHF) stock to a solid Sell. This change was sent to investors in a research report earlier today. The company from today now has a $61.0 TP on firm.

Brighthouse Financial, Inc. (NASDAQ:BHF) Ratings Coverage

Among 7 analysts covering Brighthouse Financial Inc (BHF), 0 have Buy rating, 2 Sell and 5 Hold. Therefore 0 are positive. Brighthouse Financial Inc has $65.0 highest and $50 lowest target. $56.67’s average target is 9.97% above currents $51.53 stock price. Brighthouse Financial Inc had 9 analyst reports since December 22, 2017 according to SRatingsIntel. The firm earned “Underweight” rating on Tuesday, January 2 by JP Morgan. Keefe Bruyette & Woods maintained Brighthouse Financial, Inc. (NASDAQ:BHF) on Wednesday, April 11 with “Hold” rating. Sandler O’Neill maintained it with “Hold” rating and $5300 target in Monday, April 2 report. RBC Capital Markets maintained it with “Hold” rating and $60.0 target in Tuesday, February 13 report. The company was maintained on Thursday, February 15 by Sandler O’Neill. The rating was maintained by Citigroup on Thursday, February 22 with “Sell”. On Friday, December 22 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Wells Fargo maintained Brighthouse Financial, Inc. (NASDAQ:BHF) rating on Friday, March 23. Wells Fargo has “Hold” rating and $5900 target.

The stock decreased 0.83% or $0.43 during the last trading session, reaching $51.53. About 501,762 shares traded. Brighthouse Financial, Inc. (BHF) has 0.00% since April 21, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Brighthouse Financial, Inc. (NASDAQ:BHF) to report earnings on May, 7 after the close. BHF’s profit will be $251.53 million for 6.13 P/E if the $2.10 EPS becomes a reality. After $0.37 actual EPS reported by Brighthouse Financial, Inc. for the previous quarter, Wall Street now forecasts 467.57 % EPS growth.

Brighthouse Financial, Inc. provides life insurance and annuity solutions in the United States. The company has market cap of $6.17 billion. It offers shield, variable, guaranteed income builder, income, and fixed annuities; and permanent and term life insurance products. It currently has negative earnings. The firm was incorporated in 2016 and is based in Charlotte, North Carolina.

Brighthouse Financial, Inc. (NASDAQ:BHF) Ratings Chart

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