Prudential Financial Receives New Coverage from Analysts at Drexel Hamilton (PRU)
Stock analysts at Drexel Hamilton began coverage on shares of Prudential Financial (NYSE:PRU) in a report issued on Monday. The firm set a “buy” rating and a $104.00 price target on the stock. Drexel Hamilton’s price target points to a potential upside of 14.92% from the stock’s previous close.
Shares of Prudential Financial (NYSE:PRU) traded down 1.10% on Monday, hitting $90.50. 1,760,986 shares of the company’s stock traded hands. Prudential Financial has a 52-week low of $74.10 and a 52-week high of $92.68. The stock’s 50-day moving average is $86.61 and its 200-day moving average is $85.64. The company has a market cap of $41.811 billion and a P/E ratio of 33.35.
Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, May 7th. The company reported $2.40 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.28 earnings per share. The company’s revenue for the quarter 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.
A number of other firms have also recently commented on PRU. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Prudential Financial in a research note on Tuesday, July 1st. They now have a $105.00 price target on the stock, up previously from $96.00. Separately, analysts at TheStreet upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, June 11th. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Prudential Financial in a research note on Friday, June 6th. They now have a $112.00 price target on the stock, up previously from $108.00. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $97.29.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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