Prudential Financial (PRU) : The consensus on Prudential Financial (PRU) based on 10 analyst recommendation on the company stock is 1.85, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Prudential Financial (PRU).
Prudential Financial (PRU) : The most positive equity analysts on Prudential Financial (PRU) expects the shares to touch $91, whereas, the least positive believes that the stock will trade at $78 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $85.29 with an expected fluctuation of $4.92 from the mean.
Prudential Financial (NYSE:PRU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.13 and $67.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.14, notching a gain of 0.58% for the day. The total traded volume was 2,368,284 . The stock had closed at $68.74 on the previous day.
Also, Brokerage firm Bank of America downgrades its rating on Prudential Financial (NYSE:PRU). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 29, 2016. The company shares have dropped -19.00% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $92.60 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $74.79 and the 200 Day Moving Average price is recorded at $73.19.
Prudential Financial, Inc. is a financial services company. The Company, through its subsidiaries and affiliates, provides a arrange of financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. The Company has organized its principal operations into the Financial Services Businesses and the Closed Block Business. The Financial Services Businesses consists of three divisions, containing six segments, and the Companys corporate operations. The Financial Services Businesses operate through three operating divisions: U.S. Retirement Solutions and Investment Management, U.S. Individual Life and Group Insurance, and International Insurance. The Companys investment portfolio consists of public and private fixed maturity securities, commercial mortgage and other loans, equity securities and other invested assets.