Prudential Financial Price Target Increased to $92.00 by Analysts at UBS AG (PRU)
Equities research analysts at UBS AG raised their price target on shares of Prudential Financial (NYSE:PRU) from $86.00 to $92.00 in a research note issued to investors on Monday, Analyst RN reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective indicates a potential upside of 1.98% from the company’s current price.
Prudential Financial (NYSE:PRU) traded up 0.21% during mid-day trading on Monday, hitting $90.40. The stock had a trading volume of 1,003,717 shares. Prudential Financial has a 1-year low of $53.40 and a 1-year high of $92.68. The stock’s 50-day moving average is $89.62 and its 200-day moving average is $81.37. The company’s market cap is $41.855 billion.
Prudential Financial (NYSE:PRU) last released its earnings data on Thursday, November 7th. The company reported $2.94 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.10 by $0.84. The company had revenue of $10.82 billion for the quarter, compared to the consensus estimate of $12.65 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. The company’s quarterly revenue was down 18.3% on a year-over-year basis. On average, analysts predict that Prudential Financial will post $9.65 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott downgraded shares of Prudential Financial from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Prudential Financial in a research note to investors on Tuesday, November 19th. They now have a $106.00 price target on the stock. Finally, analysts at Deutsche Bank downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note to investors on Friday, November 15th. They now have a $96.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $88.15.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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