In a report released yesterday, Ryan Krueger from KBW reiterated a Buy rating on Prudential Financial Inc (PRU), with a price target of $115. The company’s shares closed yesterday at $81.63, close to its 52-week low of $81.06.
According to TipRanks.com, Krueger is a 4-star analyst with an average return of 7.8% and a 53.6% success rate. Krueger covers the Financial sector, focusing on stocks such as American Equity Investment Life, Lincoln National Corp, and Ameriprise Financial.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Prudential Financial Inc with a $119.75 average price target.
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The company has a one-year high of $127.14 and a one-year low of $81.06. Currently, Prudential Financial Inc has an average volume of 2.41M.
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Prudential Financial, Inc. engages in the provision of financial products and services including life insurance, annuities, mutual funds, and investment management to both individual and institutional customers. It operates through the following segments: U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, International Insurance, Closed Block, and Corporate and Others. The U.S. Individual Solutions segment consists of individual annuities and individual life products. The U.S. Workplace Solutions segment comprises of the retirement and group insurance divisions. The Investment Management segment provides investment management and advisory services by means of institutional portfolio management, mutual funds, asset securitization activity, and other structured products, and strategic investments. The International Insurances segment manufactures and distributes individual life insurance, retirement, and related products to the mass affluent and affluent markets in Japan, Korea, and other foreign countries through its Life Planner operations. The Closed Block segment includes certain in force participating insurance and annuity products and corresponding assets that are used for the payment of benefits, expenses and policyholders’ dividends related to these products. The Corporate and Other Operations segment include corporate item or businesses that have been or will be divested. The company was founded by John Fairfield Dryden in 1875 and is headquartered in Newark, NJ.
