Prudential Financial Inc. [PRU] stock is trading at $124.43, down -0.14%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PRU shares have lost -1.65% over the last week, with a monthly amount glided 5.69%, 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 May 22, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $143 from $121. Previously, Raymond James downgraded its rating to Mkt Perform on February 09, 2024. On January 03, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $118 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $99 on October 05, 2023. Jefferies upgraded its rating to a Hold and raised its price target to $93 on September 14, 2023. Raymond James upgraded its rating to Strong Buy for this stock on August 24, 2023, but kept the price target unchanged to $125. In a note dated April 04, 2023, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $114.
Prudential Financial Inc. [PRU] stock has fluctuated between $87.95 and $128.52 over the past year. Currently, Wall Street analysts expect the stock to reach $112.8 within the next 12 months. Prudential Financial Inc. [NYSE: PRU] shares were valued at $124.43 at the most recent close of the market. An investor can expect a potential drop of -9.35% based on the average PRU price forecast.
Analyzing the PRU fundamentals
Prudential Financial Inc. [NYSE:PRU] reported sales of 58.91B for the trailing twelve months, which represents a growth of 37.92%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.08 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.02.
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 123.84 points at the first support level, and at 123.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 125.02, and for the 2nd resistance point, it is at 125.60.
Ratios To Look Out For
For context, Prudential Financial Inc.’s Current Ratio is 3.10. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 1.64 and price to earnings (TTM) ratio is 21.03.
Transactions by insiders
Recent insider trading involved PRUDENTIAL INSURANCE CO OF AME, 10% Owner, that happened on Jun 20 ’24 when 0.65 million shares were purchased. EVP and Vice Chairman, FALZON ROBERT completed a deal on May 13 ’24 to sell 0.13 million shares. Meanwhile, Senior Vice President SCHMIDT TIMOTHY L sold 5189.0 shares on May 08 ’24.
