Prudential Financial (PRU) Getting Somewhat Positive Media Coverage, Accern Reports
News coverage about Prudential Financial (NYSE:PRU) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Prudential Financial earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.9605312503447 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- How Prudential Financial (PRU) Stock Stands Out in a Strong Industry – Nasdaq (nasdaq.com)
- Coming Out Of Shadows? Prudential Financial, Inc. (PRU), Citrix Systems, Inc. (CTXS) – Market Movers (financialqz.com)
- Q4 2017 EPS Estimates for Prudential Financial Inc (PRU) Lowered by Langen Mcalenn (americanbankingnews.com)
- M&G Favors Non-U.S. Equities on Higher Earnings Yield (finance.yahoo.com)
Shares of Prudential Financial (NYSE:PRU) traded up $0.82 during trading on Friday, hitting $124.13. The stock had a trading volume of 3,250,000 shares, compared to its average volume of 1,650,000. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market capitalization of $53,420.00, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55. Prudential Financial has a twelve month low of $97.88 and a twelve month high of $125.00.
Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.30. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates 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 earned $2.66 earnings per share. equities research analysts expect that Prudential Financial will post 10.49 EPS for the current year.
Prudential Financial announced that its Board of Directors has initiated a share repurchase program on Thursday, December 14th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
A number of research analysts have issued reports on the company. Sandler O’Neill reiterated a “buy” rating and set a $134.00 price target on shares of Prudential Financial in a research report on Thursday, January 11th. Atlantic Securities upgraded Prudential Financial from a “neutral” rating to an “overweight” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Monday, January 8th. Deutsche Bank initiated coverage on Prudential Financial in a report on Tuesday, January 2nd. They issued a “hold” rating and a $124.00 price objective for the company. Finally, ValuEngine upgraded Prudential Financial from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $119.35.
In other news, insider Nicholas C. Silitch sold 44,860 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the sale, the insider now directly owns 27,927 shares of the company’s stock, valued at $3,121,400.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy P. Harris sold 10,527 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $115.00, for a total value of $1,210,605.00. The disclosure for this sale can be found here. Insiders have sold 116,818 shares of company stock worth $13,154,122 over the last ninety days. 0.66% of the stock is owned by insiders.
About Prudential Financial
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.
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