Argus Reiterates “Buy” Rating for Prudential Financial (PRU)
Prudential Financial (NYSE:PRU)‘s stock had its “buy” rating reaffirmed by stock analysts at Argus in a report issued on Monday, StockRatingsNetwork reports. They currently have a $88.00 price target on the stock. Argus’ price objective points to a potential upside of 8.08% from the company’s current price.
Prudential Financial (NYSE:PRU) traded down 1.34% during mid-day trading on Monday, hitting $81.42. The stock had a trading volume of 2,281,687 shares. Prudential Financial has a 52 week low of $48.17 and a 52 week high of $83.67. The stock’s 50-day moving average is $79.04 and its 200-day moving average is $72.84. The company’s market cap is $37.860 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 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.
A number of other analysts have also recently weighed in on PRU. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Prudential Financial from $93.00 to $96.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of Prudential Financial from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, October 11th. They now have a $95.00 price target on the stock. Finally, analysts at Sandler O’Neill cut their price target on shares of Prudential Financial from $86.00 to $84.00 in a research note to investors on Sunday, September 22nd. They now have a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Prudential Financial presently has a consensus rating of “Buy” and an average price target of $85.38.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.