Shares of Prudential Financial Inc (NYSE:PRU) have been assigned an average rating of “Buy” from the thirteen brokerages that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $110.59.

A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Deutsche Bank raised their price target on shares of Prudential Financial from $97.00 to $104.00 and gave the company a “hold” rating in a research note on Friday, April 12th. B. Riley set a $20.00 price target on shares of AMC Entertainment and gave the company a “buy” rating in a research note on Wednesday, June 26th. Wells Fargo & Co set a $29.00 price target on shares of Amphastar Pharmaceuticals and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, UBS Group set a $15.00 price target on shares of Hain Celestial Group and gave the company a “sell” rating in a research note on Monday, May 13th.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Prudential Financial by 6.5% during the first quarter. BlackRock Inc. now owns 29,555,017 shares of the financial services provider’s stock valued at $2,715,518,000 after acquiring an additional 1,810,818 shares during the period. Norges Bank acquired a new position in shares of Prudential Financial during the fourth quarter valued at approximately $632,295,000. Geode Capital Management LLC increased its stake in shares of Prudential Financial by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 5,129,191 shares of the financial services provider’s stock valued at $417,519,000 after acquiring an additional 326,075 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in shares of Prudential Financial by 5.6% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,487,379 shares of the financial services provider’s stock valued at $228,541,000 after acquiring an additional 131,406 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Prudential Financial by 6.5% during the fourth quarter. Legal & General Group Plc now owns 2,184,719 shares of the financial services provider’s stock valued at $178,150,000 after acquiring an additional 134,298 shares during the period. Institutional investors own 63.25% of the company’s stock.

NYSE PRU traded down $0.42 during trading hours on Tuesday, reaching $101.02. The company’s stock had a trading volume of 2,069,184 shares, compared to its average volume of 1,536,735. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.11 and a current ratio of 0.11. The company has a 50-day moving average of $99.82. Prudential Financial has a 52 week low of $75.61 and a 52 week high of $106.64. The company has a market cap of $41.01 billion, a PE ratio of 8.64, a PEG ratio of 0.88 and a beta of 1.48.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.14 by ($0.14). Prudential Financial had a return on equity of 9.87% and a net margin of 6.18%. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.74 billion. During the same period in the prior year, the business earned $3.08 EPS. As a group, sell-side analysts forecast that Prudential Financial will post 12.68 EPS for the current fiscal year.

About Prudential Financial

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

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Analyst Recommendations for Prudential Financial (NYSE:PRU)

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