Prudential Financial Inc. (NYSE: PRU) is -14.06% lower on its value in year-to-date trading and has touched a low of $89.73 and a high of $124.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRU stock was last observed hovering at around $94.43 in the last trading session, with the day’s loss setting it -1.41% off its average median price target of $100.50 for the next 12 months. It is also 23.75% off the consensus price target high of $122.00 offered by 18 analysts, but current levels are -17.75% lower than the price target low of $79.00 for the same period.
Currently trading at $93.02, the stock is -3.72% and -4.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -1.49% at the moment leaves the stock -12.28% off its SMA200. PRU registered -5.94% loss for a year compared to 6-month loss of -19.87%.
The stock witnessed a -10.04% gain in the last 1 month and extending the period to 3 months gives it a -0.94%, and is -2.89% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.04% over the week and 2.36% over the month.
Prudential Financial Inc. (PRU) has around 40916 employees, a market worth around $34.84B and $64.30B in sales. Current P/E ratio is 17.23 and Fwd P/E is 7.84. Profit margin for the company is 3.20%. Distance from 52-week low is 3.67% and -25.12% from its 52-week high. The company has generated returns on investments over the last 12 months (9.50%).
Prudential Financial Inc. (PRU) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Prudential Financial Inc. (PRU) is a “Hold”. 18 analysts offering their recommendations for the stock have an average rating of 3.10, where 15 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Prudential Financial Inc. is expected to release its quarterly report on 11/01/2022.The EPS is expected to shrink by -30.70% this year.
Prudential Financial Inc. (PRU) Top Institutional Holders
The shares outstanding are 374.40M, and float is at 371.59M with Short Float at 2.19%.
Prudential Financial Inc. (PRU) Insider Activity
A total of 6 insider transactions have happened at Prudential Financial Inc. (PRU) in the last six months, with sales accounting for 3 and purchases happening 3 times. The most recent transaction is an insider sale by SULLIVAN ANDREW F,the company’sExecutive Vice President. SEC filings show that SULLIVAN ANDREW F sold 2,231 shares of the company’s common stock on Mar 04 at a price of $106.28 per share for a total of $0.24 million. Following the sale, the insider now owns 13618.0 shares.
Prudential Financial Inc. disclosed in a document filed with the SEC on Mar 03 that Silitch Nicholas C (Senior Vice President) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Mar 03 and was made at $109.74 per share for $0.22 million. Following the transaction, the insider now directly holds 11370.0 shares of the PRU stock.
Still, SEC filings show that on Feb 22, SULLIVAN ANDREW F (Executive Vice President) disposed off 2,951 shares at an average price of $113.35 for $0.33 million. The insider now directly holds 13,415 shares of Prudential Financial Inc. (PRU).
Prudential Financial Inc. (PRU): Who are the competitors?
The company’s main competitors (and peers) include Aegon N.V. (AEG) that is trading -1.91% down over the past 12 months and Genworth Financial Inc. (GNW) that is 15.68% higher over the same period. Lincoln National Corporation (LNC) is -24.56% down on the 1-year trading charts.