Prudential Financial (NYSE:PRU) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also weighed in on PRU. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. BidaskClub lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Wells Fargo & Company reaffirmed a “hold” rating and issued a $120.00 price target (up previously from $114.00) on shares of Prudential Financial in a research note on Wednesday, November 8th. FBR & Co raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and cut their price target for the company from $117.00 to $100.00 in a research note on Tuesday, October 10th. Finally, B. Riley reaffirmed a “buy” rating on shares of Prudential Financial in a research note on Monday, November 6th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $115.64.

Prudential Financial (NYSE:PRU) opened at $115.38 on Tuesday. The stock has a market cap of $49,506.24, a P/E ratio of 11.28, a P/E/G ratio of 1.32 and a beta of 1.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.13 and a current ratio of 0.13. Prudential Financial has a 1-year low of $97.88 and a 1-year high of $117.99.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.71 by $0.30. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. The firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $12.24 billion. During the same quarter in the previous year, the firm posted $2.66 earnings per share. equities analysts forecast that Prudential Financial will post 10.44 EPS for the current year.

In other news, EVP Charles F. Lowrey sold 44,630 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $111.91, for a total value of $4,994,543.30. Following the sale, the executive vice president now owns 79,354 shares of the company’s stock, valued at $8,880,506.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy P. Harris sold 10,527 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $115.00, for a total transaction of $1,210,605.00. The disclosure for this sale can be found here. In the last three months, insiders sold 100,017 shares of company stock worth $11,219,151. 0.66% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings 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 buying an additional 934,352 shares during the last quarter. Vanguard Group Inc. increased its holdings in Prudential Financial by 2.0% during the second quarter. Vanguard Group Inc. now owns 30,885,285 shares of the financial services provider’s stock worth $3,339,935,000 after buying an additional 612,799 shares during the last quarter. Capital Research Global Investors increased its holdings in Prudential Financial by 1.2% during the second quarter. Capital Research Global Investors now owns 13,662,673 shares of the financial services provider’s stock worth $1,477,481,000 after buying an additional 162,833 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Prudential Financial by 11.9% during the second quarter. Ameriprise Financial Inc. now owns 4,157,881 shares of the financial services provider’s stock worth $449,637,000 after buying an additional 442,168 shares during the last quarter. Finally, LSV Asset Management increased its holdings in Prudential Financial by 1.0% during the second quarter. LSV Asset Management now owns 3,372,864 shares of the financial services provider’s stock worth $364,741,000 after buying an additional 32,998 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/prudential-financial-pru-rating-increased-to-strong-buy-at-valuengine/1748942.html.

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.

Analyst Recommendations for Prudential Financial (NYSE:PRU)

Receive News & Ratings for Prudential Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.