Prudential Financial Receives “Buy” Rating from Citigroup Inc. (PRU)
Prudential Financial (NYSE:PRU)‘s stock had its “buy” rating reaffirmed by Citigroup Inc. in a research note issued on Wednesday. They currently have a $104.00 price target on the stock, up from their previous price target of $103.00. Citigroup Inc.’s price target would suggest a potential upside of 16.07% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Prudential Financial from $100.00 to $103.00 in a research note on Wednesday. Separately, analysts at Drexel Hamilton initiated coverage on shares of Prudential Financial in a research note on Monday. They set a “buy” rating and a $104.00 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $97.95.
Prudential Financial (NYSE:PRU) traded up 0.25% during mid-day trading on Wednesday, hitting $89.60. The stock had a trading volume of 1,790,909 shares. Prudential Financial has a one year low of $74.10 and a one year high of $92.68. The stock’s 50-day moving average is $87.19 and its 200-day moving average is $85.59. The company has a market cap of $41.395 billion and a P/E ratio of 32.57.
Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the 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 previous 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. On average, analysts predict that Prudential Financial will post $9.49 earnings per share for the current fiscal year.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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