Prudential Financial Inc. (NYSE:PRU) saw an upside of 1.68% to close Monday at $98.13 after adding $1.62 on the day. The 5-day average trading volume is 1,961,320 shares of the company’s common stock. It has gained $98.42 in the past week and touched a new high 4 times within the past 5 days. An average of 1,572,500 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,906,000.
PRU’s 1-month performance is 9.22% or $8.28 on its low of $89.19 reached on 07/10/23. The company’s shares have touched a 52-week low of $75.37 and high of $110.96, with the stock’s rally to the 52-week high happening on 02/08/23. YTD, PRU has lost -1.34% or -$1.33 and has reached a new high 7 times. However, the current price is down -11.56% from the 52-week high price.
Insider Transactions
PRU stock investors last saw insider trading activity on Jul 14.SULLIVAN ANDREW F (Executive Vice President) most recently sold 4,126 shares at $99.20 per share on Mar 03. This transaction cost the insider $409,299. Executive Vice President, SULLIVAN ANDREW F, sold 11,405 shares at a price of $100.95 on Feb 17. Then, on Dec 14, Senior Vice President SCHMIDT TIMOTHY L sold 2,000 shares at a price of $103.55 per share. This transaction amounted to $207,100.
Valuation Metrics
PRU stock has a beta of 1.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.60 while the price-to-book (PB) in the most recent quarter is 1.15, with the price to cash flow ratio at 10.75.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.66, while the total debt to equity was 0.69. The firm’s gross profit as reported stood at -$1.83 billion against revenue of $60.05 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 210.57% to $511.0 million, while revenue of $1.46 billion was -186.11% off the previous quarter. Analysts expected PRU to announce $3.01 per share in earnings in its latest quarter, but it posted $2.94, representing a -2.30% surprise. EBITDA for the quarter stood at more than $626.0 million. Shareholders hold equity totaling $363.0 million.
Let’s look briefly at Prudential Financial Inc. (PRU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 71.73% to suggest the stock is trending Overbought, with historical volatility in this time period at 14.78%.
The stock’s 5-day moving average is $96.62, reflecting a +1.70% or $1.64 change from its current price. PRU is currently trading +9.74% above its 20-day SMA, +17.28% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +23.40% and SMA200 by+0.81%.
Stochastic %K and %D was 84.30% and 78.75% and the average true range (ATR) pointed at 1.81. The RSI (14) points at 70.36%, while the 14-day stochastic is at 94.43% with the period’s ATR at 1.78. The stock’s 9-day MACD Oscillator is pointing at 0.58 and 1.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Prudential Financial Inc. (NYSE: PRU), JP Morgan upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for PRU stock have a consensus rating for the stock as Hold. Currently, 5 brokerage advisors rate PRU as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is PRU’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $70.00 and a high of $121.00, with their median price target at $100.00. Looking at these predictions, the average price target given by analysts is for Prudential Financial Inc. (PRU) stock is $96.30.
