Prudential Financial, Inc. (NYSE:PRU – Get Free Report) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $102.73.
A number of equities analysts have issued reports on PRU shares. Wells Fargo & Company raised their price objective on shares of Prudential Financial from $89.00 to $92.00 and gave the company an “underweight” rating in a research note on Tuesday, August 15th. TheStreet raised Prudential Financial from a “c” rating to a “b” rating in a research note on Tuesday, August 1st. Jefferies Financial Group raised Prudential Financial from an “underperform” rating to a “hold” rating and increased their target price for the company from $70.00 to $93.00 in a research note on Wednesday, September 13th. Morgan Stanley restated an “equal weight” rating and set a $102.00 target price on shares of Prudential Financial in a research report on Wednesday, August 2nd. Finally, StockNews.com initiated coverage on shares of Prudential Financial in a research report on Thursday, August 17th. They issued a “hold” rating on the stock.
Hedge Funds Weigh In On Prudential Financial
Prudential Financial Trading Down 0.5 %
PRU stock opened at $98.69 on Monday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.64. Prudential Financial has a twelve month low of $75.37 and a twelve month high of $110.96. The company has a market cap of $35.82 billion, a P/E ratio of 32.90, a PEG ratio of 0.79 and a beta of 1.41. The business has a fifty day moving average of $94.64 and a 200-day moving average of $87.95.
Prudential Financial (NYSE:PRU – Get Free Report) last announced its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $2.94 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.10). The firm had revenue of $12.64 billion for the quarter, compared to the consensus estimate of $12.68 billion. Prudential Financial had a return on equity of 15.73% and a net margin of 1.82%. During the same period in the prior year, the firm posted $1.74 earnings per share. As a group, equities research analysts expect that Prudential Financial will post 11.81 EPS for the current year.
Prudential Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Tuesday, August 22nd were issued a dividend of $1.25 per share. The ex-dividend date was Monday, August 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.07%. Prudential Financial’s payout ratio is 166.67%.
About Prudential Financial
Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, and International Businesses segments.
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