Prudential Financial Stock Rating Reaffirmed by Argus (PRU)
Prudential Financial (NYSE:PRU)‘s stock had its “buy” rating restated by analysts at Argus in a research report issued to clients and investors on Monday, ARN reports. They currently have a $88.00 target price on the stock. Argus’ price objective suggests a potential upside of 12.47% from the stock’s previous close.
Prudential Financial (NYSE:PRU) opened at 78.24 on Monday. Prudential Financial has a 52 week low of $48.17 and a 52 week 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 posted its quarterly earnings results on Wednesday, August 7th. The company reported $2.30 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.34 earnings per share. Prudential Financial’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Prudential Financial will post $8.74 EPS for the current fiscal year.
A number of other firms have also recently commented on PRU. Analysts at Sandler O’Neill cut their price target on shares of Prudential Financial (NYSE:PRU) from $86.00 to $84.00 in a research note to investors on Sunday. They now have a “hold” rating on the stock. Separately, 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. 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 research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $84.58.
In other Prudential Financial news, SVP Peter Sayre sold 9,001 shares of the stock on the open market in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $81.60, for a total transaction of $734,481.60. Following the completion of the sale, the senior vice president now directly owns 9,483 shares of the company’s stock, valued at approximately $773,813. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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