Prudential Financial (PRU) Receiving Somewhat Favorable Press Coverage, Accern Reports
Press coverage about Prudential Financial (NYSE:PRU) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Prudential Financial earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.807563420071 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Prudential Financial’s (PRU) Buy Rating Reiterated at Keefe, Bruyette & Woods (americanbankingnews.com)
- With market fully valued, this earnings season is crucial: Strategist (cnbc.com)
- Head-To-Head Analysis: Prudential Financial (PRU) and Its Peers (americanbankingnews.com)
- Prudential Financial (PRU) & Its Rivals Head to Head Analysis (americanbankingnews.com)
- Prudential wins appeal of 401(k) fee lawsuit (investmentnews.com)
Several analysts have weighed in on PRU shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. BidaskClub raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Tuesday, October 10th. FBR & Co raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $117.00 to $100.00 in a research note on Tuesday, October 10th. Finally, Morgan Stanley upped their price objective on shares of Prudential Financial from $118.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $114.61.
Shares of Prudential Financial (NYSE:PRU) opened at 109.37 on Tuesday. The stock’s 50 day moving average is $104.79 and its 200 day moving average is $106.71. Prudential Financial has a 1-year low of $82.45 and a 1-year high of $115.26. The company has a market capitalization of $46.70 billion, a PE ratio of 12.22 and a beta of 1.51.
Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.61). The company had revenue of $13.03 billion for the quarter, compared to the consensus estimate of $12.45 billion. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. During the same period last year, the firm posted $1.84 earnings per share. On average, equities research analysts anticipate that Prudential Financial will post $10.14 EPS for the current fiscal year.
In related news, insider Nicholas C. Silitch sold 14,897 shares of Prudential Financial stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the sale, the insider now directly owns 21,274 shares of the company’s stock, valued at approximately $2,340,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of Prudential Financial stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $112.18, for a total transaction of $463,639.94. Following the sale, the insider now directly owns 10,924 shares in the company, valued at $1,225,454.32. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.
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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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