FBR & Co Research Analysts Lift Earnings Estimates for Brighthouse Financial Inc (BHF)
Brighthouse Financial Inc (NYSE:BHF) – Equities researchers at FBR & Co lifted their Q3 2017 earnings per share estimates for shares of Brighthouse Financial in a report issued on Tuesday. FBR & Co analyst R. Binner now expects that the company will earn $2.04 per share for the quarter, up from their prior estimate of $1.80. FBR & Co has a “Market Perform” rating and a $72.00 price target on the stock. FBR & Co also issued estimates for Brighthouse Financial’s FY2018 earnings at $8.70 EPS.
Several other equities analysts also recently issued reports on the company. J P Morgan Chase & Co started coverage on Brighthouse Financial in a research report on Monday, July 24th. They issued a “neutral” rating and a $78.00 target price on the stock. Sandler O’Neill started coverage on Brighthouse Financial in a research report on Tuesday, September 5th. They issued a “hold” rating and a $60.00 target price on the stock. Argus started coverage on Brighthouse Financial in a research report on Thursday, September 21st. They issued a “hold” rating on the stock. Credit Suisse Group started coverage on Brighthouse Financial in a research report on Monday, August 7th. They issued a “neutral” rating and a $71.00 target price on the stock. Finally, Barclays PLC started coverage on Brighthouse Financial in a research report on Tuesday, August 8th. They issued an “overweight” rating and a $72.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $69.45.
Shares of Brighthouse Financial (BHF) opened at 60.10 on Wednesday. Brighthouse Financial has a one year low of $52.75 and a one year high of $75.00. The company has a 50 day moving average price of $57.49 and a 200 day moving average price of $55.70.
In related news, Director C Edward Chaplin purchased 2,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were bought at an average cost of $55.03 per share, with a total value of $110,060.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $110,060. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
About Brighthouse Financial
Brighthouse Financial, Inc is a provider of life insurance and annuity products in the United States. The Company offers a range of products and services, which include variable, fixed, index-linked and income annuities, as well as variable, universal, term and whole life products. These products and services are marketed through various third party retail distribution channels in the United States.
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