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Equities researchers at Raymond James cut their price target on shares of Prudential Financial (NYSE:PRU) from $116.00 to $111.00 in a research report issued on Friday. Raymond James’ price objective indicates a potential upside of 26.83% from the company’s current price.

Shares of Prudential Financial (NYSE:PRU) traded up 1.28% during mid-day trading on Friday, hitting $87.52. The stock had a trading volume of 2,483,221 shares. 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. and a 200-day moving average of $85.39. The company has a market cap of $40.434 billion and a P/E ratio of 31.49.

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 $9.60 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on PRU. Analysts at Scotia Bank reiterated a “sector perform” rating on shares of Prudential Financial in a research note on Friday. They now have a $97.00 price target on the stock, up previously from $95.00. Separately, analysts at RBC Capital raised their price target on shares of Prudential Financial from $100.00 to $107.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Prudential Financial presently has a consensus rating of “Buy” and a consensus target price of $100.83.

Prudential Financial, Inc (NYSE:PRU) is a financial services company.

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