At the time of writing, Principal Financial Group Inc [PFG] stock is trading at $75.90, up 0.89%. An important factor to consider is whether the stock is rising or falling in short-term value. The PFG shares have gain 3.82% over the last week, with a monthly amount drifted -12.63%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Principal Financial Group Inc [NASDAQ: PFG] stock has seen the most recent analyst activity on July 09, 2024, when Raymond James upgraded its rating to a Strong Buy but kept the price target unchanged to $99 for it. Previously, JP Morgan upgraded its rating to Neutral on July 02, 2024, and elevated its price target to $96. On February 15, 2024, upgrade upgraded it’s rating to Equal-Weight but maintained its price target of $75 on the stock. Evercore ISI upgraded its rating to a In-line and increased its price target to $83 on January 04, 2024. Jefferies upgraded its rating to a Hold and raised its price target to $65 on June 23, 2023. Keefe Bruyette upgraded its rating to Mkt Perform for this stock on June 09, 2023, and downed its price target to $75. In a note dated May 01, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $81 to $78.
For the past year, the stock price of Principal Financial Group Inc fluctuated between $66.21 and $88.26. Currently, Wall Street analysts expect the stock to reach $78.17 within the next 12 months. Principal Financial Group Inc [NASDAQ: PFG] shares were valued at $75.90 at the most recent close of the market. An investor can expect a potential return of 2.99% based on the average PFG price forecast.
Analyzing the PFG fundamentals
According to Principal Financial Group Inc [NASDAQ:PFG], the company’s sales were 15.65B for trailing twelve months, which represents an 21.18% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.11 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.36.
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 75.42 points at the first support level, and at 74.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.28, and for the 2nd resistance point, it is at 76.67.
Ratios To Look Out For
It is important to note that Principal Financial Group Inc [NASDAQ:PFG] has a current ratio of 0.50. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 1.60 and price to earnings (TTM) ratio is 14.79.
