Prudential Public (NYSE:PUK) Raised to “Hold” at Zacks Research

Prudential Public (NYSE:PUK) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other equities research analysts also recently issued reports on PUK. Berenberg Bank set a $39.30 price target on shares of Prudential Public and gave the stock a “buy” rating in a report on Thursday, September 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research note on Monday, July 6th. Finally, Wall Street Zen lowered shares of Prudential Public from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.30.

Prudential Public Price Performance

Shares of NYSE PUK opened at $25.83 on Monday. Prudential Public has a fifty-two week low of $24.61 and a fifty-two week high of $34.03. The company has a current ratio of 0.03, a quick ratio of 0.04 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average of $28.01 and a 200-day moving average of $28.64.

Prudential Public (NYSE:PUK) last issued its quarterly earnings data on Friday, August 14th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $3.90 billion for the quarter. Sell-side analysts forecast that Prudential Public will post 2.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Prudential Public

Several hedge funds have recently added to or reduced their stakes in the company. Transmarket Holdings LP purchased a new position in shares of Prudential Public during the first quarter worth approximately $4,790,000. Madison Asset Management LLC purchased a new stake in shares of Prudential Public in the 2nd quarter valued at $2,366,000. WINTON GROUP Ltd grew its holdings in shares of Prudential Public by 373.2% during the 2nd quarter. WINTON GROUP Ltd now owns 70,500 shares of the financial services provider’s stock valued at $1,890,000 after purchasing an additional 55,600 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Prudential Public by 5.6% during the 1st quarter. Bank of America Corp DE now owns 4,470,630 shares of the financial services provider’s stock valued at $127,100,000 after purchasing an additional 238,189 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Prudential Public by 13.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,397,352 shares of the financial services provider’s stock valued at $68,157,000 after purchasing an additional 292,677 shares during the last quarter. Institutional investors own 1.90% of the company’s stock.

About Prudential Public

Prudential plc is a United Kingdom-based international financial services group focused on life and health insurance, retirement solutions and related financial products. The company serves individuals and businesses through products that may include life insurance, medical and health coverage, savings and investment-linked policies, pensions and retirement planning solutions.

Prudential operates primarily in Asia and Africa, with markets including Hong Kong, mainland China, Indonesia, Malaysia, Singapore, Thailand, Vietnam and other countries in the region.