In a report released today, Elyse Greenspan from Wells Fargo maintained a Buy rating on Prudential Financial Inc (PRU), with a price target of $115. The company’s shares closed yesterday at $98.80.
Greenspan noted:
“We are maintaining our $115 price target. We expect shares to be largely unchanged following the investor day.”
According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 6.0% and a 66.4% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.
Currently, the analyst consensus on Prudential Financial Inc is a Moderate Buy with an average price target of $112.14, which is a 13.5% upside from current levels. In a report issued on May 23, Citigroup also maintained a Buy rating on the stock with a $112 price target.
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The company has a one-year high of $106.64 and a one-year low of $75.61. Currently, Prudential Financial Inc has an average volume of 2.06M.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.
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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.
