Prudential Financial Receives Average Recommendation of “Buy” from Brokerages (NYSE:PRU)
Shares of Prudential Financial (NYSE:PRU) have received a consensus recommendation of “Buy” from the twenty-one analysts that are covering the company, Analyst Ratings.Net reports. Two equities research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $100.17.
Prudential Financial (NYSE:PRU) opened at 86.11 on Monday. Prudential Financial has a 52-week low of $74.10 and a 52-week high of $92.68. The stock has a 50-day moving average of $89.53 and a 200-day moving average of $85.49. The company has a market cap of $39.783 billion and a P/E ratio of 31.29.
Prudential Financial (NYSE:PRU) last posted its quarterly 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. Prudential Financial’s revenue was down 7.3% compared to the same quarter last year. Analysts expect that Prudential Financial will post $9.53 EPS for the current fiscal year.
A number of research firms have recently commented on PRU. Analysts at Canaccord Genuity upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, July 30th. Separately, analysts at Raymond James raised their price target on shares of Prudential Financial from $115.00 to $116.00 in a research note on Thursday, July 17th. They now have a “strong-buy” rating on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Prudential Financial in a research note on Thursday, July 17th. They now have a $113.00 price target on the stock, up previously from $106.00.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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