Prudential Financial PT Raised to $107.00 at RBC Capital (PRU)
RBC Capital increased their price objective on shares of Prudential Financial (NYSE:PRU) from $100.00 to $107.00 in a research note issued on Thursday. RBC Capital’s target price would suggest a potential upside of 23.60% from the company’s current price.
Prudential Financial (NYSE:PRU) opened at 86.57 on Thursday. 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 $89.33 and a 200-day moving average of $85.36. The company has a market cap of $39.995 billion and a P/E ratio of 31.25.
Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.14. The company had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.12 million. During the same quarter in the previous year, the company posted $2.30 earnings per share. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, analysts predict that Prudential Financial will post $9.53 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in 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. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $100.56.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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