Prudential Financial PT Raised to $96.00 at Keefe, Bruyette & Woods (PRU)
Equities research analysts at Keefe, Bruyette & Woods lifted their target price on shares of Prudential Financial (NYSE:PRU) from $93.00 to $96.00 in a research note issued to investors on Monday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 17.91% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Argus reiterated a “buy” rating on shares of Prudential Financial in a research note to investors on Monday, September 23rd. They now have a $88.00 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 analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Prudential Financial currently has an average rating of “Buy” and a consensus target price of $85.38.
Shares of 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 1-year low of $48.17 and a 1-year high of $83.67. The stock has a 50-day moving average of $79.04 and a 200-day moving average of $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 EPS for the quarter, beating the Thomson Reuters 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.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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