Prudential Financial, Inc. (PRU) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
Prudential Financial, Inc. (NYSE:PRU)‘s stock had its “buy” rating reaffirmed by investment analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday.
Other analysts have also recently issued reports about the stock. ValuEngine cut shares of Prudential Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday. B. Riley reissued a “buy” rating on shares of Prudential Financial in a research note on Monday, November 6th. BidaskClub raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Tuesday, October 10th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Prudential Financial has a consensus rating of “Buy” and an average target price of $115.13.
Prudential Financial (NYSE PRU) traded down $1.23 during mid-day trading on Friday, reaching $110.72. 1,805,400 shares of the company’s stock traded hands, compared to its average volume of 1,601,244. The stock has a market cap of $46,945.28, a PE ratio of 10.70, a P/E/G ratio of 1.25 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.13 and a quick ratio of 0.13. Prudential Financial has a 12-month low of $95.88 and a 12-month high of $115.26.
Prudential Financial (NYSE:PRU) last released its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.71 by $0.30. The firm had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $12.24 billion. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. During the same period in the previous year, the company earned $2.66 EPS. equities analysts anticipate that Prudential Financial will post 10.38 earnings per share for the current year.
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A number of hedge funds have recently modified their holdings of PRU. Fieldpoint Private Securities LLC acquired a new position in Prudential Financial in the 2nd quarter worth $103,000. Hudock Capital Group LLC lifted its holdings in Prudential Financial by 0.7% in the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after buying an additional 8 shares in the last quarter. Legacy Advisors LLC acquired a new position in Prudential Financial in the 3rd quarter worth $129,000. Accurate Investment Solutions Inc. lifted its holdings in Prudential Financial by 2.3% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock worth $180,000 after buying an additional 38 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in Prudential Financial by 128.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock worth $184,000 after buying an additional 957 shares in the last quarter. Hedge funds and other institutional investors own 64.87% of the company’s stock.
About Prudential Financial
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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