Is Brighthouse Financial Inc (BHF) a Stock One Should Sell Following Today’s J.P. Morgan Downgrade?

April 21, 2018 - By Stephen Andrade

Brighthouse Financial Inc (BHF) Receives a Downgrade

Trading for shares of Brighthouse Financial Inc (BHF) will be very interesting to watch, as J.P. Morgan lowered the rating for the stock to a Sell. In addition to the ratings downgrade, J.P. Morgan analysts have given the shares a target price per share of $61.0 which is 18.38 % higher than before.

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. As per Thursday, February 15, the company rating was maintained by Sandler O’Neill. The firm has “Hold” rating given on Wednesday, April 11 by Keefe Bruyette & Woods. The stock has “Underweight” rating by JP Morgan on Tuesday, January 2. RBC Capital Markets maintained Brighthouse Financial, Inc. (NASDAQ:BHF) rating on Tuesday, February 13. RBC Capital Markets has “Hold” rating and $60.0 target. The firm has “Hold” rating given on Monday, April 2 by Sandler O’Neill. On Thursday, February 22 the stock rating was maintained by Citigroup with “Sell”. Wells Fargo maintained Brighthouse Financial, Inc. (NASDAQ:BHF) on Friday, March 23 with “Hold” rating. The firm has “Hold” rating given on Friday, December 22 by Keefe Bruyette & Woods.

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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