Prudential Financial Receives Consensus Rating of “Buy” from Brokerages (NYSE:PRU)
Prudential Financial (NYSE:PRU) has been given a consensus rating of “Buy” by the twenty brokerages that are presently covering the company, Analyst Ratings Network reports. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $101.35.
Several analysts have recently commented on the stock. 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. Separately, 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. Finally, 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.
Shares of Prudential Financial (NYSE:PRU) opened at 86.41 on Monday. 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 $89.25 and its 200-day moving average is $85.37. The company has a market cap of $39.921 billion and a price-to-earnings ratio of 31.55.
Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $2.49 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Prudential Financial will post $9.53 EPS for the current fiscal year.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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