Wells Fargo analyst Elyse Greenspan maintained a Buy rating on Prudential Financial Inc (PRU) yesterday and set a price target of $115. The company’s shares closed yesterday at $101.31.
Greenspan noted:
“We think PRU shares likely trade down Thursday (8/1) as the base-line EPS number for Q3 (of $3.00) is below expectations and investors will most likely be surprised since this came so close to its investor day in June.”
According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 6.8% and a 67.9% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Prudential Financial Inc with a $114.83 average 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 1.77M.
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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, PGIM, 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 PGIM segment provides a broad array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private and sub-advisory clients (including mutual funds), insurance company separate accounts, government sponsored entities and the Company’s general account. 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.
