Prudential Financial Rating Reiterated by Scotia Bank (PRU)
Prudential Financial (NYSE:PRU)‘s stock had its “sector perform” rating restated by investment analysts at Scotia Bank in a note issued to investors on Friday. They currently have a $97.00 price objective on the stock, up from their previous price objective of $95.00. Scotia Bank’s price target suggests a potential upside of 10.83% from the company’s current price.
Other equities research analysts have also recently issued reports about 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. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $100.83.
Prudential Financial (NYSE:PRU) opened at 87.52 on Friday. Prudential Financial has a 1-year low of $74.10 and a 1-year high of $92.68. The stock’s 50-day moving average is $89. and its 200-day moving average is $85.39. The company has a market cap of $40.294 billion and a P/E ratio of 14.11.
Prudential Financial (NYSE:PRU) last released its earnings data on Wednesday, August 6th. The company reported $2.49 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted $2.30 earnings per share. Prudential Financial’s revenue was down 5.2% compared to the same quarter last year. On average, analysts predict that Prudential Financial will post $9.64 earnings per share for the current fiscal year.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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