The stock of Prudential Financial Inc. (NYSE:PRU) decreased by -$1.85 on Tuesday to finish at $93.29, down -1.94 percent. The last five days have seen an average of 1,326,260 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$6.17. The average number of shares traded over the last 20 days was 1,524,970, while the average volume over the last 50 days totaled 1,782,836.
PRU stock appreciated 0.85% since last month. On 07/17/23, the company’s shares reached a one-month low of $91.08. The stock touched a high of $110.96 on 02/08/23, after rallying from a low of $75.37 in 52 weeks. The price of PRU stock has declined by -6.20% or -$6.17 this year, reaching a new high 7 times. Still, the stock price is down -15.92% from the 52-week high.
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Insider Transactions
PRU stock investors should be aware that Prudential Financial Inc. (PRU) stock had its last reported insider trading activity 33 days ago on Jul 14. On Jul 14, 10% Owner PGIM Strategic Investments, In acquired 763 shares at $26.20 each. This transaction resulted in the insider spending $20,000. On Mar 03, SULLIVAN ANDREW F sold 4,126 shares at a price of US$99.20. After the transaction, the insider now owns 12,241 shares. Executive Vice President SULLIVAN ANDREW F had earlier sold 11,405 shares on Feb 17 for $100.95 a share. The transaction was completed for $1,151,335.
Valuation Metrics
Prudential Financial Inc. (PRU) has a trailing price-to-earnings (P/E) ratio of 31.19. Beta for the stock is 1.40. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.52, the price-to-book (PB) ratio of 1.20, and the price-to-cash flow ratio of 8.11.
Company paid $1.25 per share in dividends, remained unchanged from $1.25 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.68, and the total debt to equity ratio is 0.70. Prudential Financial Inc.’s operating margin stood at 2.00% for the same period. Based on annual data, it had gross profit of -$1.83 billion and revenue of $60.05 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PRU’s return on assets (ROA) during the last 12 months has been 0.20%. There was a -3.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.70%.
Earnings Surprise
According to Prudential Financial Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $13.5 billion, while revenues rose by 3.53% to $17.05 billion. It was predicted that Prudential Financial Inc.’s quarterly earnings would be $2.94, but it ended up being $3.01, beating the consensus by -2.30%. EBITDA was $626.0 million for the quarter. At the end of Prudential Financial Inc.’s most recent quarter ended June 29, its total debt was $31.35 billion. Equity owned by shareholders amounts to $363.0 million.
Technical Picture
Here’s a quick look at Prudential Financial Inc.’s (PRU) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 38.32%, suggesting the stock is Neutral, with a 20.62% historical volatility rate.
The stochastic %K and %D were 24.08% and 27.38% respectively, while the average true range (ATR) was 1.87. Based on the 14-day stochastic reading of 6.04%, the RSI (14) reading is 46.87%. On the 9-day MACD Oscillator, the stock is at -1.24, and the 14-day reading is at -1.37.
Analyst Ratings
In its most recent analyst report, JP Morgan raised its rating on Prudential Financial Inc. (NYSE: PRU) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Prudential Financial Inc. (PRU) an Hold rating. PRU is a stock that is recommended for selling by 5 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is PRU’s price target for the next 12 months?
The current consensus forecast for the stock is between $70.00 and $121.00, with a median target price of $100.00. In analyzing these forecasts, the average price target given by analysts for Prudential Financial Inc. (PRU) is $96.70.
