Prudential Financial (NYSE:PRU) Stock Price Expected to Rise, Mizuho Analyst Says

Prudential Financial (NYSE:PRUGet Free Report) had its target price increased by analysts at Mizuho from $96.00 to $101.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Mizuho’s price target indicates a potential upside of 0.90% from the company’s current price.

A number of other analysts have also issued reports on the company. Evercore reaffirmed a “negative” rating on shares of Prudential Financial in a research report on Friday, March 6th. Weiss Ratings lowered Prudential Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 13th. Wells Fargo & Company cut their target price on Prudential Financial from $95.00 to $93.00 and set an “underweight” rating on the stock in a research report on Tuesday. BMO Capital Markets reduced their target price on Prudential Financial from $91.00 to $87.00 and set an “underperform” rating for the company in a research note on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Prudential Financial from $104.00 to $100.00 and set a “market perform” rating for the company in a research report on Thursday, April 23rd. Nine analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $99.92.

Get Our Latest Analysis on PRU

Prudential Financial Trading Down 0.2%

PRU opened at $100.10 on Thursday. The firm’s 50 day moving average is $96.89 and its 200-day moving average is $104.58. Prudential Financial has a 52-week low of $91.89 and a 52-week high of $119.76. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $34.82 billion, a P/E ratio of 10.30, a P/E/G ratio of 1.82 and a beta of 0.86.

Prudential Financial (NYSE:PRUGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.52. Prudential Financial had a net margin of 5.83% and a return on equity of 16.36%. The business had revenue of $15.23 billion during the quarter, compared to analyst estimates of $14.10 billion. During the same period last year, the business earned $3.29 EPS. Analysts expect that Prudential Financial will post 13.66 EPS for the current fiscal year.

Insider Activity at Prudential Financial

In related news, Director Thomas D. Stoddard bought 250 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was bought at an average cost of $102.97 per share, for a total transaction of $25,742.50. Following the completion of the purchase, the director directly owned 250 shares in the company, valued at approximately $25,742.50. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph J. Wolk purchased 400 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were bought at an average price of $105.32 per share, for a total transaction of $42,128.00. Following the completion of the transaction, the director directly owned 400 shares in the company, valued at approximately $42,128. This trade represents a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 1,650 shares of company stock valued at $168,841 in the last quarter. Insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Prudential Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. Jessup Wealth Management Inc bought a new position in shares of Prudential Financial during the fourth quarter worth about $25,000. Garton & Associates Financial Advisors LLC acquired a new position in Prudential Financial during the 4th quarter valued at about $26,000. Salomon & Ludwin LLC boosted its stake in Prudential Financial by 98.3% during the 4th quarter. Salomon & Ludwin LLC now owns 230 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 114 shares during the period. SJS Investment Consulting Inc. grew its position in Prudential Financial by 93.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 278 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 134 shares during the last quarter. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Prudential Financial in the fourth quarter valued at approximately $28,000. 56.83% of the stock is currently owned by institutional investors.

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About Prudential Financial

(Get Free Report)

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.

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Analyst Recommendations for Prudential Financial (NYSE:PRU)

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