Prudential Financial Price Target Raised to $108.00 at Barclays (PRU)
Analysts at Barclays lifted their price target on shares of Prudential Financial (NYSE:PRU) from $98.00 to $108.00 in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target would indicate a potential upside of 19.34% from the company’s current price.
A number of other firms have also recently commented on PRU. Analysts at UBS AG raised their price target on shares of Prudential Financial from $86.00 to $92.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $88.80.
Prudential Financial (NYSE:PRU) traded up 0.55% during mid-day trading on Tuesday, hitting $91.00. The stock had a trading volume of 884,928 shares. Prudential Financial has a one year low of $53.40 and a one year high of $92.68. The stock has a 50-day moving average of $89.68 and a 200-day moving average of $81.63. The company’s market cap is $42.133 billion.
Prudential Financial (NYSE:PRU) last announced its earnings results on Thursday, November 7th. The company reported $2.94 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $1.53 earnings per share. The company’s revenue for the quarter was down 18.3% on a year-over-year basis. On average, analysts predict that Prudential Financial will post $9.66 earnings per share for the current fiscal year.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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