Deutsche Bank Reiterates Hold Rating for Principal Financial Group (PFG)
Principal Financial Group (NYSE:PFG)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, Stock Ratings Network reports. They currently have a $43.00 price objective on the stock. Deutsche Bank’s target price would suggest a potential downside of 1.92% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Principal Financial Group (NYSE:PFG) from $42.00 to $47.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Principal Financial Group (NYSE:PFG) from $38.00 to $42.00 in a research note to investors on Friday, August 16th. They now have a “market perform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Principal Financial Group (NYSE:PFG) from $44.00 to $47.00 in a research note to investors on Monday, July 29th.
Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $40.81.
Principal Financial Group (NYSE:PFG) traded up 1.74% on Monday, hitting $43.84. 1,324,797 shares of the company’s stock traded hands. Principal Financial Group has a one year low of $25.83 and a one year high of $44.94. The stock’s 50-day moving average is $42.58 and its 200-day moving average is $37.81. The company has a market cap of $12.904 billion and a price-to-earnings ratio of 15.95.
Principal Financial Group (NYSE:PFG) last announced its earnings results on Thursday, July 25th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.08. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the company posted $0.72 earnings per share. Principal Financial Group’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that Principal Financial Group will post $3.46 EPS for the current fiscal year.
Principal Financial Group, Inc (NYSE:PFG) is a provider of retirement savings, investment and insurance products and services.
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