At the time of writing, Prudential Financial Inc. [PRU] stock is trading at $121.80, up 1.98%. 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 5.15% over the last week, with a monthly amount glided 7.54%, 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 September 05, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $118. Previously, Wells Fargo upgraded its rating to Equal Weight on August 12, 2024, and kept the price target unchanged to $113. On May 22, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $143 on the stock. Raymond James downgraded its rating to a Mkt Perform. JP Morgan downgraded its rating to a Neutral and reduced its price target to $118 on January 03, 2024. Deutsche Bank started tracking with a Hold rating for this stock on October 05, 2023, and assigned it a price target of $99. In a note dated September 14, 2023, Jefferies upgraded an Hold rating on this stock and boosted its target price from $70 to $93.
For the past year, the stock price of Prudential Financial Inc. fluctuated between $87.95 and $128.52. Currently, Wall Street analysts expect the stock to reach $115.3 within the next 12 months. Prudential Financial Inc. [NYSE: PRU] shares were valued at $121.80 at the most recent close of the market. An investor can expect a potential drop of -5.34% based on the average PRU price forecast.
Analyzing the PRU fundamentals
According to Prudential Financial Inc. [NYSE:PRU], the company’s sales were 60.29B for trailing twelve months, which represents an 10.26% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.0.
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 120.64 points at the first support level, and at 119.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 122.57, and for the 2nd resistance point, it is at 123.35.
Ratios To Look Out For
It is important to note that Prudential Financial Inc. [NYSE:PRU] has a current ratio of 3.66. Considering the valuation of this stock, the price to sales ratio is 0.72, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 15.57.
Transactions by insiders
Recent insider trading involved Feeney Caroline, Executive Vice President, that happened on Sep 03 ’24 when 1110.0 shares were sold. Officer, Feeney Caroline completed a deal on Sep 03 ’24 to buy 1110.0 shares. Meanwhile, EVP and General Counsel KAPPLER ANN M sold 2839.0 shares on Aug 21 ’24.
