Press coverage about Prudential (NYSE:PUK) has been trending positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Prudential earned a coverage optimism score of 0.42 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 48.3045112544644 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
PUK traded up $0.14 during trading on Friday, reaching $52.11. 91,676 shares of the stock traded hands, compared to its average volume of 160,686. The stock has a market cap of $67.41 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.36 and a beta of 1.55. Prudential has a fifty-two week low of $44.67 and a fifty-two week high of $55.36. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.39.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, May 25th. Investors of record on Tuesday, April 3rd will be given a dividend of $0.9068 per share. This is a boost from Prudential’s previous semiannual dividend of $0.38. The ex-dividend date of this dividend is Monday, April 2nd. This represents a yield of 3.4%. Prudential’s dividend payout ratio (DPR) is presently 48.40%.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Prudential from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Wednesday, March 21st. Citigroup cut Prudential from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 25th. Berenberg Bank cut Prudential from a “hold” rating to a “sell” rating in a research report on Thursday, March 29th. Finally, ValuEngine cut Prudential from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $57.00.
Prudential Company Profile
Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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