Prudential Financial, Inc. (PRU) Receives Buy Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Prudential Financial, Inc. (NYSE:PRU) in a research note published on Friday.

A number of other brokerages also recently issued reports on PRU. Wells Fargo & Company reiterated a hold rating on shares of Prudential Financial in a research report on Thursday, August 3rd. BidaskClub upgraded Prudential Financial from a hold rating to a buy rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reiterated a hold rating and issued a $119.00 price objective on shares of Prudential Financial in a research report on Friday, November 3rd. B. Riley reiterated a buy rating on shares of Prudential Financial in a research report on Monday, November 6th. Finally, ValuEngine downgraded Prudential Financial from a strong-buy rating to a buy rating in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $115.13.

Shares of Prudential Financial (NYSE PRU) traded down $1.23 during mid-day trading on Friday, hitting $110.72. The company had a trading volume of 1,805,400 shares, compared to its average volume of 1,601,244. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.34. Prudential Financial has a one year low of $95.88 and a one year high of $115.26. The stock has a market capitalization of $46,945.28, a P/E ratio of 10.70, a PEG ratio of 1.25 and a beta of 1.56.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.71 by $0.30. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $12.24 billion. During the same quarter last year, the business posted $2.66 earnings per share. sell-side analysts predict that Prudential Financial will post 10.38 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. Green Square Capital LLC grew its stake in shares of Prudential Financial by 0.3% during the second quarter. Green Square Capital LLC now owns 2,065 shares of the financial services provider’s stock valued at $223,000 after buying an additional 7 shares during the last quarter. Hudock Capital Group LLC grew its stake in shares of Prudential Financial by 0.7% during the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after buying an additional 8 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of Prudential Financial by 0.9% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,018 shares of the financial services provider’s stock valued at $218,000 after buying an additional 18 shares during the last quarter. Trust Co grew its stake in shares of Prudential Financial by 1.0% during the first quarter. Trust Co now owns 2,024 shares of the financial services provider’s stock valued at $216,000 after buying an additional 20 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its stake in shares of Prudential Financial by 1.6% during the second quarter. Capital Investment Advisors LLC now owns 2,454 shares of the financial services provider’s stock valued at $265,000 after buying an additional 38 shares during the last quarter. 64.87% of the stock is currently owned by hedge funds and other institutional investors.

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)

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