Prudential Financial Inc (PRU) is Reiterated by FBR & Co. to Mkt Perform, Raises Price Target to $ 100

Prudential Financial Inc (PRU) was Reiterated by FBR & Co. to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 100 from a previous price target of $86 . FBR & Co. advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on Prudential Financial Inc. Company shares were Reiterated by FBR & Co. on Nov 28, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 100 from a previous price target of $86 .FBR & Co. Downgraded Prudential Financial Inc on Oct 18, 2016 to ” Mkt Perform”, Price Target of the shares are set at $86.Prudential Financial Inc was Initiated by Credit Suisse to “Neutral” on Oct 7, 2016.

On the company’s financial health, Prudential Financial Inc reported $2.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $2.50.Analysts expectations of $ 11648.25.During the same quarter in the previous year, the company posted $2.40 EPS.

Prudential Financial Inc opened for trading at $100.79 and hit $101 on the upside on Friday, eventually ending the session at $100.79, with a gain of 0.15% or 0.15 points. The heightened volatility saw the trading volume jump to 9,82,056 shares. Company has a market cap of $43,340 M.

In a different news, on Nov 16, 2016, Barbara Koster (Senior Vice President) sold 22,368 shares at $100.00 per share price. According to the SEC, on Nov 14, 2016, John R Jr Strangfeld (Chief Executive Officer) sold 458,768 shares at $93.00 per share price. On Nov 14, 2016, Sharon C Taylor (Senior Vice President) sold 20,952 shares at $92.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s investment portfolio consists of public and private fixed maturity securities commercial mortgage and other loans equity securities and other invested assets.

Prudential Financial Inc

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