The stock of Brighthouse Financial Inc. (NASDAQ:BHF) increased by $0.01 on Friday to finish at $50.05, up 0.02 percent. The last five days have seen an average of 469,240 shares of common stock traded. 20 times new highs were reached in the current year, with a fall of -$1.22. The average number of shares traded over the last 20 days was 366,995, while the average volume over the last 50 days totaled 445,576.
BHF stock appreciated 1.71% since last month. On 07/14/23, the company’s shares reached a one-month low of $47.94. The stock touched a high of $60.54 on 02/16/23, after rallying from a low of $39.24 in 52 weeks. The price of BHF stock has declined by -2.38% or -$1.22 this year, reaching a new high 20 times. Still, the stock price is down -17.33% from the 52-week high.
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Valuation Metrics
Beta for the stock is 1.32. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.48, the price-to-book (PB) ratio of 0.59.
Financial Health
The company’s long-term debt to equity ratio for the recent quarter is 0.55, and the total debt to equity ratio is 0.55. Brighthouse Financial Inc.’s operating margin stood at 16.80% for the same period. Based on annual data, it had gross profit of -$172.0 million and revenue of $8.47 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BHF’s return on assets (ROA) during the last 12 months has been 0.40%. There was a 1.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.40%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $263.0 million, while revenues fell by -855.13% to $3.8 billion. EBITDA was -$237.0 million for the quarter. At the end of Brighthouse Financial Inc.’s most recent quarter, its total debt was $9.55 billion. Equity owned by shareholders amounts to $65.5 million.
Technical Picture
Here’s a quick look at Brighthouse Financial Inc.’s (BHF) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 39.87%, suggesting the stock is Neutral, with a 41.13% historical volatility rate.
The stochastic %K and %D were 10.88% and 38.52% respectively, while the average true range (ATR) was 1.58. Based on the 14-day stochastic reading of 16.28%, the RSI (14) reading is 47.81%. On the 9-day MACD Oscillator, the stock is at -1.92, and the 14-day reading is at -1.73.
Analyst Ratings
In its analyst report released on February 08, 2023, Raymond James began covering Brighthouse Financial Inc. (NASDAQ: BHF). The stock was rated as a Mkt perform by the brokerage firm. Analysts have assigned Brighthouse Financial Inc. (BHF) an Hold rating. BHF is a stock that is recommended for selling by 1 brokerage firm, while 11 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is BHF’s price target for the next 12 months?
The current consensus forecast for the stock is between $46.00 and $57.00, with a median target price of $53.00. In analyzing these forecasts, the average price target given by analysts for Brighthouse Financial Inc. (BHF) is $52.00.
