A share price of Prudential Financial Inc. [PRU] is currently trading at $111.40, up 1.74%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PRU shares have gain 4.35% over the last week, with a monthly amount drifted -11.95%, and not 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 August 12, 2024, when Wells Fargo upgraded its rating to a Equal Weight but kept the price target unchanged to $113 for it. Previously, Jefferies upgraded its rating to Buy on May 22, 2024, and elevated its price target to $143. On February 09, 2024, downgrade downgraded it’s rating to Mkt Perform. JP Morgan downgraded its rating to a Neutral and decreased its price target to $118 on January 03, 2024. Deutsche Bank initiated its recommendation with a Hold and recommended $99 as its price target on October 05, 2023. Jefferies upgraded its rating to Hold for this stock on September 14, 2023, and upped its price target to $93. In a note dated August 24, 2023, Raymond James upgraded an Strong Buy rating on this stock but restated the target price of $125.
Prudential Financial Inc. experienced fluctuations in its stock price throughout the past year between $87.95 and $128.52. Currently, Wall Street analysts expect the stock to reach $114 within the next 12 months. Prudential Financial Inc. [NYSE: PRU] shares were valued at $111.40 at the most recent close of the market. An investor can expect a potential return of 2.33% based on the average PRU price forecast.
Analyzing the PRU fundamentals
Trailing Twelve Months sales for Prudential Financial Inc. [NYSE:PRU] were 60.29B which represents 10.26% growth. Gross Profit Margin for this corporation currently stands at 1.02% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.05%, 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 0.1 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 1.0.
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 110.01 points at the first support level, and at 108.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 112.27, and for the 2nd resistance point, it is at 113.15.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Prudential Financial Inc. [NYSE:PRU] is 3.66. Considering the valuation of this stock, the price to sales ratio is 0.66, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 14.24.
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.
