Could Brighthouse Financial, Inc. (BHF) Go Up After Achieving All-Time Low?

June 13, 2018 - By Vivian Park

The stock of Brighthouse Financial, Inc. (NASDAQ:BHF) reached all time low today, Jun, 14 and still has $42.02 target or 9.00 % below today’s $46.18 share price. This indicates more downside for the $5.53 billion company. This technical setup was reported by Barchart.com. If the $42.02 PT is reached, the company will be worth $497.79 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock increased 0.30% or $0.14 during the last trading session, reaching $46.18. About 1.98M shares traded or 136.35% up from the average. Brighthouse Financial, Inc. (NASDAQ:BHF) has 0.00% since June 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Brighthouse Financial, Inc. (NASDAQ:BHF) to report earnings on August, 6. BHF’s profit will be $252.72M for 5.47 P/E if the $2.11 EPS becomes a reality. After $2.36 actual earnings per share reported by Brighthouse Financial, Inc. for the previous quarter, Wall Street now forecasts -10.59 % negative EPS growth.

More notable recent Brighthouse Financial, Inc. (NASDAQ:BHF) news were published by: Streetinsider.com which released: “Pre-Open Movers 06/13: (ENPH) (CANF) (BITA) Higher; (FLKS) (VTVT) (HRB) Lower (more…)” on June 13, 2018, also Streetinsider.com with their article: “After-Hours Stock Movers 06/12: (ENPH) (FOXA) (TWX) Higher; (VTVT) (HRB) (OXM) Lower (more…)” published on June 12, 2018, Seekingalpha.com published: “SA Interview: Special Situation Investing With Antao” on May 20, 2018. More interesting news about Brighthouse Financial, Inc. (NASDAQ:BHF) were released by: Seekingalpha.com and their article: “MetLife board approves $1.5B stock buyback program” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “Brighthouse Financial announces secondary stock offering” with publication date: June 12, 2018.

Brighthouse Financial, Inc. provides life insurance and annuity solutions in the United States. The company has market cap of $5.53 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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