Principal Financial Group Inc (PFG) : Analyst Rating Update

Principal Financial Group Inc (PFG) has an average broker rating of 3, which is interpreted as a Hold, as rated by 8 equity analysts. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Principal Financial Group Inc (PFG) : The most positive equity analysts on Principal Financial Group Inc (PFG) expects the shares to touch $59, whereas, the least positive believes that the stock will trade at $41 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $49.43 with an expected fluctuation of $5.77 from the mean.

Principal Financial Group Inc (NYSE:PFG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.05 and $38.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.89, notching a gain of 1.04% for the day. The total traded volume was 1,323,678 . The stock had closed at $39.48 on the previous day.

Also, Bank of America downgrades its view on Principal Financial Group Inc (NYSE:PFG) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on June 29, 2016. The company shares have dropped -21.34% from its 1 Year high price. On Aug 14, 2015, the shares registered one year high at $58.02 and the one year low was seen on Feb 2, 2016. The 50-Day Moving Average price is $42.53 and the 200 Day Moving Average price is recorded at $40.68.

Principal Financial Group, Inc. is an investment management company. The Company offers businesses, individuals and institutional clients a range of financial products and services, including retirement, asset management and insurance through its financial services companies. Its segments include Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions. Its Retirement and Investor Services segment provides retirement and related financial products and services primarily to businesses, their employees and other individuals. The Principal Global Investors segment provides asset management services.. The Principal International segment offers pension accumulation products and services, mutual funds, asset management, income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment offers individual and group insurance solutions.

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