In the latest session, Prudential Financial Inc. (NYSE: PRU) closed at $111.33 down -1.23% from its previous closing price of $112.72. In other words, the price has decreased by -$1.39 from its previous closing price. On the day, 1728401 shares were traded. PRU stock price reached its highest trading level at $112.44 during the session, while it also had its lowest trading level at $110.65.
Ratios:
For a deeper understanding of Prudential Financial Inc.’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.98 whereas as Long-Term Debt/Eq ratio is at 0.74.
On January 03, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $119 to $118.
On October 05, 2023, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $99.Deutsche Bank initiated its Hold rating on October 05, 2023, with a $99 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 12 ’24 when SULLIVAN ANDREW F sold 7,685 shares for $111.57 per share. The transaction valued at 857,415 led to the insider holds 13,691 shares of the business.
Axel Robert sold 6,436 shares of PRU for $719,942 on Mar 12 ’24. The SVP and Controller now owns 7,901 shares after completing the transaction at $111.86 per share. On Mar 11 ’24, another insider, Feeney Caroline, who serves as the Executive Vice President of the company, sold 11,197 shares for $110.53 each. As a result, the insider received 1,237,604 and left with 11,285 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRU now has a Market Capitalization of 40.01B and an Enterprise Value of 54.00B. As of this moment, Prudential’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.54, and their Forward P/E ratio for the next fiscal year is 7.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.76 while its Price-to-Book (P/B) ratio in mrq is 1.44. Its current Enterprise Value per Revenue stands at 1.00.
Stock Price History:
Over the past 52 weeks, PRU has reached a high of $118.69, while it has fallen to a 52-week low of $77.22. The 50-Day Moving Average of the stock is 110.56, while the 200-Day Moving Average is calculated to be 99.80.
Shares Statistics:
For the past three months, PRU has traded an average of 1.54M shares per day and 1.24M over the past ten days. A total of 359.22M shares are outstanding, with a floating share count of 358.21M. Insiders hold about 0.22% of the company’s shares, while institutions hold 58.23% stake in the company. Shares short for PRU as of Mar 28, 2024 were 4.89M with a Short Ratio of 3.17, compared to 5.71M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.36% and a Short% of Float of 1.55%.
Dividends & Splits
According to the company, the forward annual dividend rate for PRU is 5.05, from 5.00 in the trailing year. Against a Trailing Annual Dividend Yield of 4.44%, it implies a Forward Annual Dividend Yield of 4.67%. The stock’s 5-year Average Dividend Yield is 5.00.
Earnings Estimates
There are 12 different market analysts currently analyzing its stock. On average, analysts expect EPS of $3.21 for the current quarter, with a high estimate of $3.36 and a low estimate of $3.02, while EPS last year was $2.66. The consensus estimate for the next quarter is $3.41, with high estimates of $3.52 and low estimates of $3.24.
Analysts are recommending an EPS of between $13.78 and $12.85 for the fiscal current year, implying an average EPS of $13.53. EPS for the following year is $14.6, with 12 analysts recommending between $15.15 and $14.25.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $14.5B this quarter.It ranges from a high estimate of $17.96B to a low estimate of $13.16B. As of the current estimate, Prudential Financial Inc.’s year-ago sales were $15.1B, an estimated decrease of -4.00% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $13.26B, an increase of 4.90% over than the figure of -$4.00% in the same quarter last year. There is a high estimate of $14.24B for the next quarter, whereas the lowest estimate is $12.5B.
A total of 8 analysts have provided revenue estimates for PRU’s current fiscal year. The highest revenue estimate was $59.78B, while the lowest revenue estimate was $50.89B, resulting in an average revenue estimate of $55.72B. In the same quarter a year ago, actual revenue was $50.89B, up 9.50% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $56.66B in the next fiscal year. The high estimate is $62.59B and the low estimate is $52.34B. The average revenue growth estimate for next year is up 1.70% from the average revenue estimate for this year.
