A number of firms have modified their ratings and price targets on shares of Prudential Financial (NYSE: PRU) recently:

  • 2/12/2018 – Prudential Financial was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/9/2018 – Prudential Financial had its price target lowered by analysts at Deutsche Bank AG from $132.00 to $125.00. They now have a “hold” rating on the stock.
  • 2/9/2018 – Prudential Financial had its price target lowered by analysts at Wells Fargo & Co from $122.00 to $111.00. They now have a “market perform” rating on the stock.
  • 2/8/2018 – Prudential Financial had its price target lowered by analysts at Morgan Stanley from $133.00 to $131.00. They now have an “equal weight” rating on the stock.
  • 2/7/2018 – Prudential Financial had its “hold” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $122.00 price target on the stock. They wrote, “We expect topics of discussion to include the recent tax reform and the company’s designation as a systemically important non-bank financial institution, which is apparently up for review. We also expect to hear PRU’s thoughts on the National Association of Insurance Commissioners (NAIC) variable annuity working group and any associated impact on the conditional tail expectation (CTE) calculation.””
  • 1/11/2018 – Prudential Financial had its “buy” rating reaffirmed by analysts at Sandler O’Neill. They now have a $134.00 price target on the stock.
  • 1/11/2018 – Prudential Financial was upgraded by analysts at Atlantic Securities from a “neutral” rating to an “overweight” rating.
  • 1/8/2018 – Prudential Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $132.00 price target on the stock. According to Zacks, “Shares of Prudential have outperformed the industry in a year's time. Also, the company saw its 2018 estimates move north in the last 60 days. Prudential is set to grow on its high performing asset management business, international operations and deeper reach in the pension risk transfer market. It strives to build leadership position in the pension risk transfer market. Expanded international presence provides it with better organic growth opportunities than peers. Focus on Protection, Retirement and Investment Management businesses will continue to help Prudential maintain leadership position. Also, a strong balance sheet and efficient capital management are tailwinds. For 2018, earnings per share are estimated in $11.20 – $11.70 range. It expects ROE between 12% and 13% in the near to intermediate term. However, exposure to still low interest rates, unfavorable currency impact and regulatory control remain headwinds.”
  • 1/2/2018 – Prudential Financial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Prudential have outperformed the industry in a year's time. Also, the company saw its 2017 and 2018 estimates move north in the last 60 days. Prudential is set to grow on its high performing asset management business, international operations and deeper reach in the pension risk transfer market. It strives to build leadership position in the pension risk transfer market. Expanded international presence provides it with better organic growth opportunities than peers. Focus on Protection, Retirement and Investment Management businesses will continue to help Prudential maintain leadership position. Also, a strong balance sheet and efficient capital management are tailwinds. For 2018, earnings per share are estimated in $11.20 – $11.70 range. It expects ROE between 12% and 13% in the near to intermediate term. However, exposure to still low interest rates, unfavorable currency impact and regulatory control remain headwinds.”
  • 1/2/2018 – Prudential Financial is now covered by analysts at Deutsche Bank AG. They set a “hold” rating and a $124.00 price target on the stock.
  • 12/31/2017 – Prudential Financial was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 12/21/2017 – Prudential Financial had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $127.00 price target on the stock.
  • 12/14/2017 – Prudential Financial was given a new $122.00 price target on by analysts at Wells Fargo & Co. They now have a “hold” rating on the stock.

Shares of Prudential Financial Inc (PRU) opened at $106.04 on Monday. The company has a market capitalization of $44,960.96, a PE ratio of 5.92, a PEG ratio of 1.09 and a beta of 1.50. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.32. Prudential Financial Inc has a 1 year low of $97.88 and a 1 year high of $127.14.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $2.69 EPS for the quarter, topping the Zacks’ consensus estimate of $2.64 by $0.05. The company had revenue of $15.25 billion for the quarter, compared to analyst estimates of $12.87 billion. Prudential Financial had a return on equity of 9.29% and a net margin of 13.41%. During the same quarter last year, the firm posted $2.46 earnings per share. research analysts forecast that Prudential Financial Inc will post 12.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.39%. This is a positive change from Prudential Financial’s previous quarterly dividend of $0.75. Prudential Financial’s dividend payout ratio (DPR) is currently 16.75%.

In other news, SVP Barbara Koster sold 16,801 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $115.17, for a total transaction of $1,934,971.17. Following the sale, the senior vice president now owns 37,327 shares of the company’s stock, valued at $4,298,950.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Timothy P. Harris sold 10,527 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $115.00, for a total value of $1,210,605.00. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

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.

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