Prudential Financial (NYSE:PRU) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 7th. Analysts expect Prudential Financial to post earnings of $3.11 per share for the quarter.
Shares of PRU stock opened at $97.82 on Tuesday. Prudential Financial has a 12 month low of $89.33 and a 12 month high of $127.14. The firm has a market cap of $39.99 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.34.
A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Monday, October 8th. UBS Group boosted their target price on shares of Prudential Financial from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, October 8th. B. Riley boosted their target price on shares of Prudential Financial from $116.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Royal Bank of Canada restated a “buy” rating and set a $122.00 target price on shares of Prudential Financial in a report on Friday, August 3rd. Finally, ValuEngine upgraded shares of Prudential Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $119.92.
In related news, major shareholder Prudential Financial Inc purchased 880,000 shares of the stock in a transaction dated Tuesday, October 16th. The stock was purchased at an average price of $25.00 per share, with a total value of $22,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott Sleyster sold 23,300 shares of Prudential Financial stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $99.74, for a total value of $2,323,942.00. Following the completion of the transaction, the insider now directly owns 57,758 shares of the company’s stock, valued at approximately $5,760,782.92. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.
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About Prudential Financial
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.
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