Keefe, Bruyette & Woods restated their buy rating on shares of Prudential Financial, Inc. (NYSE:PRU) in a report published on Friday morning.

A number of other equities research analysts also recently commented on the company. ValuEngine downgraded Prudential Financial from a strong-buy rating to a buy rating in a research report on Friday. B. Riley reaffirmed a buy rating on shares of Prudential Financial in a research report on Monday, November 6th. Wells Fargo & Company reaffirmed a hold rating and issued a $120.00 price objective (up previously from $114.00) on shares of Prudential Financial in a research report on Wednesday, November 8th. Royal Bank Of Canada reaffirmed a hold rating and issued a $119.00 price objective on shares of Prudential Financial in a research report on Friday, November 3rd. Finally, Morgan Stanley lifted their price objective on Prudential Financial from $123.00 to $124.00 and gave the company an equal weight rating in a research report on Thursday, November 2nd. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $115.13.

Prudential Financial (NYSE:PRU) opened at $110.72 on Friday. Prudential Financial has a 1-year low of $95.88 and a 1-year high of $115.26. The firm has a market capitalization of $46,945.28, a price-to-earnings ratio of 10.70, a PEG ratio of 1.25 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.13 and a quick ratio of 0.13.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.71 by $0.30. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $12.24 billion. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. During the same period in the previous year, the firm posted $2.66 earnings per share. equities research analysts anticipate that Prudential Financial will post 10.38 EPS for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Prudential Financial by 2.9% during the second quarter. BlackRock Inc. now owns 33,155,309 shares of the financial services provider’s stock worth $3,585,415,000 after purchasing an additional 934,352 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Prudential Financial by 2.0% during the second quarter. Vanguard Group Inc. now owns 30,885,285 shares of the financial services provider’s stock worth $3,339,935,000 after purchasing an additional 612,799 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Prudential Financial by 1.2% during the second quarter. Capital Research Global Investors now owns 13,662,673 shares of the financial services provider’s stock worth $1,477,481,000 after purchasing an additional 162,833 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Prudential Financial by 11.9% during the second quarter. Ameriprise Financial Inc. now owns 4,157,881 shares of the financial services provider’s stock worth $449,637,000 after purchasing an additional 442,168 shares in the last quarter. Finally, LSV Asset Management lifted its stake in shares of Prudential Financial by 1.0% during the second quarter. LSV Asset Management now owns 3,372,864 shares of the financial services provider’s stock worth $364,741,000 after purchasing an additional 32,998 shares in the last quarter. Institutional investors own 64.48% of the company’s stock.

Prudential Financial Company Profile

Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.

Analyst Recommendations for Prudential Financial (NYSE:PRU)

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