Prudential Financial, Inc. (PRU) Rating Reiterated by Keefe, Bruyette & Woods
Prudential Financial, Inc. (NYSE:PRU)‘s stock had its “buy” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday.
Several other equities research analysts also recently weighed in on PRU. Royal Bank Of Canada reaffirmed a “hold” rating and set a $119.00 price target on shares of Prudential Financial in a report on Friday, November 3rd. ValuEngine downgraded Prudential Financial from a “strong-buy” rating to a “buy” rating in a report on Friday. Morgan Stanley increased their price target on Prudential Financial from $123.00 to $124.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. B. Riley reaffirmed a “buy” rating on shares of Prudential Financial in a report on Monday. Finally, Wells Fargo & Company reaffirmed a “hold” rating and set a $120.00 price target (up from $114.00) on shares of Prudential Financial in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $115.13.
Shares of Prudential Financial (NYSE PRU) traded down $1.23 during midday trading on Friday, hitting $110.72. The company had a trading volume of 1,547,888 shares, compared to its average volume of 1,857,755. 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. The firm has a market capitalization of $47,870.00, a P/E ratio of 10.86, a PEG ratio of 1.27 and a beta of 1.56.
Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.71 by $0.30. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. The firm had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $12.24 billion. During the same period last year, the company earned $2.66 earnings per share. research analysts expect that Prudential Financial will post 10.38 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in PRU. Fieldpoint Private Securities LLC acquired a new position in shares of Prudential Financial during the 2nd quarter worth $103,000. Hudock Capital Group LLC raised its stake in shares of Prudential Financial by 0.7% during 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 during the last quarter. Legacy Advisors LLC acquired a new position in shares of Prudential Financial during the 3rd quarter worth $129,000. Accurate Investment Solutions Inc. raised its stake in shares of Prudential Financial by 2.3% during 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 during the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of Prudential Financial by 128.8% during 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 during the last quarter. 64.87% of the stock is owned by institutional investors and hedge funds.
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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