Brighthouse Financial Surpasses Analyst Target, Signals Investor Decision Point
In recent trading, shares of Brighthouse Financial Inc (Symbol: BHF) have surpassed the average analyst 12-month target price of $48.28, changing hands for $48.91 per share. When a stock reaches an analyst’s target, the analyst has two typical reactions: updating the valuation downwards or raising their target to reflect the new price. The decision often hinges on recent developments within the company that may have driven the stock higher—if positive trends emerge, a higher target might be warranted.
Brighthouse Financial Inc has seven analyst targets contributing to that average. However, the average is simply a mathematical calculation. There are analysts with lower expectations, including one setting a target of $38.00, while on the high end, another analyst aims for $59.00. The standard deviation among these estimates stands at $8.28.
Analyzing the average BHF price target serves to harness the “wisdom of crowds,” combining insights from various experts rather than relying on a single opinion. With BHF’s price moving above the average target of $48.28 per share, investors are prompted to reassess the company: Is the target just a stepping stone toward even greater heights, or has the stock valuation reached a level that might warrant selling some shares? Below is a table outlining the current analyst views on Brighthouse Financial Inc:
| Recent BHF Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 1 | 1 | 1 | 1 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 5 | 5 | 4 | 5 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 3 | 3 | 3 | 2 |
| Average rating: | 3.37 | 3.37 | 3.41 | 3.16 |
The average rating provided in the table is on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 denotes a Strong Sell. This article includes data supplied by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on BHF — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
