Brokers Set Expectations for Prudential Public Limited’s FY2017 Earnings (PUK)

Prudential Public Limited (NYSE:PUK) – Research analysts at Jefferies Group lifted their FY2017 earnings estimates for shares of Prudential Public in a research report issued on Tuesday, according to Zacks Investment Research. Jefferies Group analyst M. Cathcart now anticipates that the financial services provider will post earnings of $3.92 per share for the year, up from their previous estimate of $3.67. Jefferies Group also issued estimates for Prudential Public’s FY2018 earnings at $4.17 EPS and FY2019 earnings at $4.51 EPS.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Prudential Public from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. ValuEngine cut shares of Prudential Public from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Prudential Public currently has a consensus rating of “Buy” and an average price target of $60.00.

Shares of Prudential Public (NYSE:PUK) opened at $51.18 on Wednesday. Prudential Public has a 1 year low of $39.89 and a 1 year high of $55.36.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC boosted its stake in shares of Prudential Public by 11.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 3,282 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 347 shares during the last quarter. Rathbone Brothers plc bought a new position in shares of Prudential Public in the 4th quarter valued at about $207,000. Boston Private Wealth LLC bought a new position in shares of Prudential Public in the 3rd quarter valued at about $201,000. Stevens Capital Management LP bought a new position in shares of Prudential Public in the 3rd quarter valued at about $204,000. Finally, Advisor Group Inc. boosted its stake in shares of Prudential Public by 0.7% in the 2nd quarter. Advisor Group Inc. now owns 4,481 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 30 shares during the last quarter. 1.64% of the stock is currently owned by institutional investors.

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About Prudential Public

Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.

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