Analysts predict Prudential Financial Inc. (PRU) stock to reach $103.89 in the next 12 months

Prudential Financial Inc. [PRU] stock is trading at $115.89, down -0.84%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PRU shares have lost -0.97% over the last week, with a monthly amount glided 6.39%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Prudential Financial Inc. [NYSE: PRU] stock has seen the most recent analyst activity on February 09, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, JP Morgan downgraded its rating to Neutral on January 03, 2024, and dropped its price target to $118. On October 05, 2023, Deutsche Bank initiated with a Hold rating and assigned a price target of $99 on the stock. Jefferies upgraded its rating to a Hold and increased its price target to $93 on September 14, 2023. Raymond James upgraded its rating to a Strong Buy but $125 remained the price target by the analyst firm on August 24, 2023. JP Morgan upgraded its rating to Overweight for this stock on April 04, 2023, but kept the price target unchanged to $114. In a note dated January 09, 2023, Goldman downgraded an Sell rating on this stock and revised its target price from $98 to $96.

Prudential Financial Inc. [PRU] stock has fluctuated between $77.22 and $117.92 over the past year. Currently, Wall Street analysts expect the stock to reach $103.89 within the next 12 months. Prudential Financial Inc. [NYSE: PRU] shares were valued at $115.89 at the most recent close of the market. An investor can expect a potential drop of -10.35% based on the average PRU price forecast.

Analyzing the PRU fundamentals

Prudential Financial Inc. [NYSE:PRU] reported sales of 52.45B for the trailing twelve months, which represents a growth of 1.62%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.09 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.75.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 114.73 points at the first support level, and at 113.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 117.87, and for the 2nd resistance point, it is at 119.85.

Ratios To Look Out For

For context, Prudential Financial Inc.’s Current Ratio is 3.53. Considering the valuation of this stock, the price to sales ratio is 0.79, the price to book ratio is 1.50 and price to earnings (TTM) ratio is 17.22.

Transactions by insiders

Recent insider trading involved SULLIVAN ANDREW F, Executive Vice President, that happened on Mar 12 ’24 when 7685.0 shares were sold. SVP and Controller, Axel Robert completed a deal on Mar 12 ’24 to sell 6436.0 shares. Meanwhile, Executive Vice President Feeney Caroline sold 11197.0 shares on Mar 11 ’24.

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