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Barclays Stick to Their Sell Rating for Brighthouse Financial

Jul 13, 2021 09:15PM ET
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Barclays (LON:BARC) analyst Tracy Benguigui maintained a Sell rating on Brighthouse Financial (NASDAQ:BHF) on Monday, setting a price target of $42, which is approximately 4.91% below the present share price of $44.17.

Benguigui expects Brighthouse Financial to post earnings per share (EPS) of -$6.96 for the third quarter of 2021.

The current consensus among 7 TipRanks analysts is for a Moderate Sell rating of shares in Brighthouse Financial, with an average price target of $47.33.
The analysts price targets range from a high of $52 to a low of $42.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $600 million and a net profit of $0. The company's market cap is $3.79 billion.

According to TipRanks.com, Barclays analyst Tracy Benguigui is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 5.9% and a 71.05% success rate.

Brighthouse Financial, Inc. operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others. The Annuities segment product offerings include fixed, structured, income and variable annuities. The Life segment manufactures products to serve its target segments through a broad independent distribution network. The Run-Off segment includes structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements and universal life with secondary guarantees. The Corporate & Other segment refers to the general account investments and the separate account assets of the company. The company was founded on August 1, 2016 and is headquartered in Charlotte, NC.

Barclays Stick to Their Sell Rating for Brighthouse Financial
 

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