Sandler O’Neill Increases Prudential Financial Price Target to $90.00 (PRU)
Analysts at Sandler O’Neill boosted their price target on shares of Prudential Financial (NYSE:PRU) from $88.00 to $90.00 in a research report issued to clients and investors on Thursday. Sandler O’Neill’s target price would suggest a potential upside of 2.17% from the stock’s previous close.
PRU has been the subject of a number of other recent research reports. Analysts at Deutsche Bank upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. They now have a $96.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Prudential Financial in a research note on Thursday, May 15th. They now have a $87.00 price target on the stock. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Prudential Financial in a research note on Friday, May 9th. They now have a $108.00 price target on the stock, up previously from $101.00. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $95.25.
Shares of Prudential Financial (NYSE:PRU) traded up 0.09% on Thursday, hitting $88.17. The stock had a trading volume of 2,844,167 shares. Prudential Financial has a 52-week low of $67.13 and a 52-week high of $92.68. The stock’s 50-day moving average is $82.00 and its 200-day moving average is $85.49. The company has a market cap of $40.735 billion and a price-to-earnings ratio of 32.10.
Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $2.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.26 by $0.14. The company had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $11.72 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. The company’s quarterly revenue was down 7.3% on a year-over-year basis. Analysts expect that Prudential Financial will post $9.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 19th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, May 22nd.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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