Prudential Financial Inc. (NYSE:PRU) finished Wednesday with an addition of $1.21 to close at $91.43, an upside of 1.34 percent. An average of 1,348,800 shares of common stock have been traded in the last five days. There was a fall of -$1.75 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,519,870 shares traded, while the 50-day average volume stands at 1,735,698.
PRU stock has decreased by -4.15% in the last month. The company shares reached their 1-month lowest point of $89.93 on 08/22/23. With the stock rallying to its 52-week high on 02/08/23, shares of the company touched a low of $75.37 and a high of $110.96 in 52 weeks. It has reached a new high 7 times so far this year and lost -8.07% or -$8.03 in price. In spite of this, the price is down -17.60% from the 52-week high.
Insider Transactions
PRU stock investors should be aware that Prudential Financial Inc. (PRU) stock had its last reported insider trading activity 174 days ago on Jul 14. In this transaction, the insider spent $409,299. Executive Vice President, SULLIVAN ANDREW F, disposed of 11,405 shares at a price of $100.95 on Feb 17. The insider now owns more than $1,151,335 worth of shares. Prior to that, Senior Vice President SCHMIDT TIMOTHY L went on to Sale 2,000 shares at $103.55 each on Dec 14. An amount of $207,100 was transacted.
Valuation Metrics
Prudential Financial Inc. (PRU) has a trailing price-to-earnings (P/E) ratio of 30.57. The stock’s beta is 1.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.52, the price-to-book (PB) ratio at 1.17, and the price-to-cash flow ratio at 8.00.
The company has a payout ratio of 162.80%. The company’s most recent quarterly dividend payment was $1.25 a share, without any change from last year. Its latest increase dividend $1.2390 reported on Tuesday May 9 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.68 and a total debt to equity ratio of 0.70 for the quarter ending June 29. Its gross profit as reported stood at -$1.83 billion compared to revenue of $60.05 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Prudential Financial Inc.’s return on assets was 0.20%.
Earnings Surprise
For the three-month period that ended June 29, Prudential Financial Inc. had $18.88 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $511.0 million in the quarter, while revenues of $1.46 billion were grew 210.57%. The analyst consensus anticipated Prudential Financial Inc.’s latest quarter earnings to come in at $3.01 per share, but it turned out to be $2.94, a -2.30% surprise. For the quarter, EBITDA amounted to $626.0 million. At the end of the quarter ending June 29, Prudential Financial Inc.’s stock balance sheet showed total debt was $31.35 billion. Shareholders own equity worth $363.0 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Prudential Financial Inc. (PRU) price momentum. RSI 9-day as of the close on 23 August was 35.88%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.57%.
As of today, PRU’s price is $91.72 -1.88% or -$1.75 from its 5-day moving average. PRU is currently trading -5.58% lower than its 20-day SMA and +11.84% higher than its 100-day SMA. However, the stock’s current price level is +8.06% above the SMA50 and -10.21% below the SMA200.
The stochastic %K and %D were 9.94% and 9.04%, respectively, and the average true range (ATR) was 1.78. With the 14-day stochastic at 17.67% and the average true range at 1.79, the RSI (14) stands at 41.90%. The stock has reached -1.87 on the 9-day MACD Oscillator while the 14-day reading was at -3.12.
Analyst Ratings
JP Morgan upgraded Prudential Financial Inc. (NYSE: PRU) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Prudential Financial Inc. (PRU) among analysts is Hold. According to current brokerage recommendations, 5 brokerage firms advise that investors sell PRU, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is PRU’s price target for the next 12 months?
Analysts predict a range of price targets between $70.00 and $121.00, with a median target of $100.00. Taking a look at these predictions, the average price target given by analysts for Prudential Financial Inc. (PRU) stock is $96.70.
