In yesterday’s Wall Street session, Prudential Financial Inc (NYSE:PRU) shares traded at $119.26, up 0.59% from the previous session.
PRU stock price is now -3.99% away from the 50-day moving average and 0.43% away from the 200-day moving average. The market capitalization of the company currently stands at $42.46B.
With the price target enhanced from $117 to $140, Evercore ISI Upgraded its rating from Underperform to In-line for Prudential Financial Inc (NYSE: PRU). On October 09, 2024, TD Cowen recently initiated its ‘Hold’ rating on the stock quoting a target price of $130, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, PRUDENTIAL FINANCIAL INC, 10% Owner bought 1,500,000 shares of the company’s stock on Dec 18 ’24. The stock was bought for $15,000,000 at an average price of $10.00. Upon completion of the transaction, the 10% Owner now directly owns 1,500,000 shares in the company, valued at $178.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’24, 10% Owner PRUDENTIAL INSURANCE CO OF AME bought 71,633 shares of the business’s stock. A total of $2,000,000 was incurred on buying the stock at an average price of $27.92. This leaves the insider owning 4,851,926 shares of the company worth $578.64 million. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, Prudential Financial Inc has had a low of $100.60 and a high of $130.55. According to the stock market information, the enterprise value for the company is $49930481664, which is based on a 10.57 price-to-earnings ratio, a 3.29 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for PRU is $124.3388 and a two-hundred day moving average price translates $118.711 for the stock.
The latest earnings results from Prudential Financial Inc (NYSE: PRU) was released for 2024-09-30. The net profit margin was 5.69% and return on equity was 14.59% for PRU. The company reported revenue of $19.49 billion for the quarter, compared to $8.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 133.36 percent. For the current quarter, analysts expect PRU to generate $14.15B in revenue.
