Prudential Financial Price Target Cut to $84.00 (PRU)
Equities research analysts at Sandler O’Neill cut their target price on shares of Prudential Financial (NYSE:PRU) from $86.00 to $84.00 in a research note issued to investors on Sunday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Sandler O’Neill’s target price indicates a potential upside of 7.36% from the stock’s previous close.
Prudential Financial (NYSE:PRU) opened at 78.24 on Friday. Prudential Financial has a 1-year low of $48.17 and a 1-year high of $83.67. The stock has a 50-day moving average of $78.93 and a 200-day moving average of $69.73. The company’s market cap is $36.382 billion.
Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, August 7th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.32. The company had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $12.23 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Prudential Financial will post $8.74 earnings per share for the current fiscal year.
PRU has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. downgraded shares of Prudential Financial (NYSE:PRU) from a “conviction-buy” rating to a “buy” rating in a research note to investors on Friday. They now have a $95.00 price target on the stock, up previously from $87.00. Separately, analysts at Argus raised their price target on shares of Prudential Financial (NYSE:PRU) from $75.00 to $88.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Prudential Financial (NYSE:PRU) in a research note to investors on Monday, September 9th. They now have a $82.00 price target on the stock.
Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $84.58.
In other Prudential Financial news, SVP Peter B. Sayre unloaded 9,001 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $81.60, for a total value of $734,481.60. The sale was disclosed in a document filed with the SEC, which is available at this link.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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