Prudential Financial, Inc. (NYSE:PRU)‘s stock had its “hold” rating reissued by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They currently have a $119.00 price objective on the financial services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 6.40% from the company’s previous close.

PRU has been the subject of a number of other reports. Citigroup Inc upgraded Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Tuesday, October 17th. Goldman Sachs Group, Inc. (The) assumed coverage on Prudential Financial in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $114.00 price target for the company. BidaskClub lowered Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. FBR & Co upgraded Prudential Financial from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $117.00 to $100.00 in a research report on Tuesday, October 10th. Finally, Morgan Stanley increased their price objective on Prudential Financial from $118.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $114.78.

Prudential Financial (NYSE:PRU) traded down $1.00 during mid-day trading on Friday, hitting $111.84. The stock had a trading volume of 1,990,000 shares, compared to its average volume of 1,520,000. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $48,130.00, a price-to-earnings ratio of 10.91, a PEG ratio of 1.30 and a beta of 1.56. Prudential Financial has a 1-year low of $85.36 and a 1-year high of $115.26.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.30. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $12.24 billion. Prudential Financial had a return on equity of 9.20% and a net margin of 7.71%. During the same period in the prior year, the business earned $2.66 earnings per share. equities research analysts forecast that Prudential Financial will post 10.25 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/11/04/prudential-financials-pru-hold-rating-reiterated-at-royal-bank-of-canada.html.

In other news, insider Nicholas C. Silitch sold 14,897 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total value of $1,638,670.00. Following the sale, the insider now directly owns 21,274 shares in the company, valued at $2,340,140. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Pelletier sold 4,133 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $112.18, for a total value of $463,639.94. Following the completion of the sale, the insider now owns 10,924 shares in the company, valued at $1,225,454.32. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new stake in shares of Prudential Financial in the second quarter valued at $103,000. Adirondack Trust Co. raised its stake in shares of Prudential Financial by 7.6% in the first quarter. Adirondack Trust Co. now owns 1,133 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 80 shares in the last quarter. Hudock Capital Group LLC raised its stake in shares of Prudential Financial by 0.7% in the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 8 shares in the last quarter. Norway Savings Bank acquired a new stake in shares of Prudential Financial in the fourth quarter valued at $120,000. Finally, Legacy Advisors LLC acquired a new stake in shares of Prudential Financial in the third quarter valued at $129,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

Prudential Financial Company Profile

Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.

Analyst Recommendations for Prudential Financial (NYSE:PRU)

Receive News & Ratings for Prudential Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.