Prudential Financial Price Target Cut to $90.00 by Analysts at Sandler O’Neill (PRU)
Analysts at Sandler O’Neill dropped their price objective on shares of Prudential Financial (NYSE:PRU) from $93.00 to $90.00 in a research report issued to clients and investors on Friday, Analyst Ratings News reports. Sandler O’Neill’s target price would indicate a potential upside of 7.90% from the company’s current price.
Prudential Financial (NYSE:PRU) traded up 1.41% on Friday, hitting $83.41. 4,519,555 shares of the company’s stock traded hands. Prudential Financial has a 52 week low of $53.70 and a 52 week high of $92.68. The stock has a 50-day moving average of $88.23 and a 200-day moving average of $83.45. The company’s market cap is $38.619 billion.
Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Thursday, February 6th. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.02. The company had revenue of $10.98 billion for the quarter, compared to the consensus estimate of $11.99 billion. During the same quarter last year, the company posted $1.69 earnings per share. On average, analysts predict that Prudential Financial will post $9.29 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Prudential Financial in a research note to investors on Friday. They now have a $99.00 price target on the stock. Separately, analysts at Raymond James cut their price target on shares of Prudential Financial from $106.00 to $99.00 in a research note to investors on Friday. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Prudential Financial in a research note to investors on Thursday. They now have a $100.00 price target on the stock, down previously from $102.00. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Prudential Financial currently has an average rating of “Buy” and a consensus target price of $91.37.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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