Prudential Financial, Inc. (PRU) Downgraded by ValuEngine to Buy
ValuEngine downgraded shares of Prudential Financial, Inc. (NYSE:PRU) from a strong-buy rating to a buy rating in a research note released on Friday.
Other analysts have also issued research reports about the stock. BidaskClub upgraded shares of Prudential Financial from a hold rating to a buy rating in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods reiterated a buy rating on shares of Prudential Financial in a research report on Friday, August 11th. Citigroup Inc. upgraded shares of Prudential Financial from a neutral rating to a buy rating and set a $103.00 target price on the stock in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Prudential Financial from a hold rating to a buy rating and set a $122.00 target price on the stock in a research report on Tuesday, October 10th. Finally, FBR & Co upgraded shares of Prudential Financial from a neutral rating to a buy rating and dropped their target price for the company from $117.00 to $100.00 in a research report on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Prudential Financial presently has a consensus rating of Buy and an average price target of $115.13.
Prudential Financial (PRU) traded down $1.23 during mid-day trading on Friday, reaching $110.72. 1,805,400 shares of the company traded hands, compared to its average volume of 1,601,244. The firm has a market capitalization of $46,945.28, a price-to-earnings ratio of 10.70, a PEG ratio of 1.25 and a beta of 1.56. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.34. Prudential Financial has a 52 week low of $95.88 and a 52 week high of $115.26.
Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.71 by $0.30. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $12.24 billion. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. During the same quarter last year, the business earned $2.66 earnings per share. research analysts predict that Prudential Financial will post 10.38 EPS for the current year.
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Several large investors have recently bought and sold shares of PRU. APG Asset Management N.V. lifted its stake in shares of Prudential Financial by 171.8% in the third quarter. APG Asset Management N.V. now owns 2,704,719 shares of the financial services provider’s stock worth $287,566,000 after buying an additional 1,709,699 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Prudential Financial by 1,997.1% in the second quarter. Janus Henderson Group PLC now owns 1,204,160 shares of the financial services provider’s stock worth $130,218,000 after buying an additional 1,146,739 shares in the last quarter. BlackRock Inc. raised its stake in Prudential Financial by 2.9% during the second quarter. BlackRock Inc. now owns 33,155,309 shares of the financial services provider’s stock worth $3,585,415,000 after purchasing an additional 934,352 shares during the period. AJO LP raised its stake in Prudential Financial by 42.8% during the second quarter. AJO LP now owns 2,743,406 shares of the financial services provider’s stock worth $296,672,000 after purchasing an additional 821,881 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Prudential Financial by 48.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,247,204 shares of the financial services provider’s stock worth $243,013,000 after purchasing an additional 737,458 shares during the period. 64.87% of the stock is currently owned by hedge funds and other institutional investors.
Prudential Financial Company Profile
Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.
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