Prudential Financial Inc. [NYSE: PRU] stock went on a downward path that fall over -0.67% on Wednesday, amounting to a one-week price increase of more than 4.10%. The company report on November 1, 2022 that Prudential Financial, Inc. Announces Third Quarter 2022 Results.
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Net loss attributable to Prudential Financial, Inc. of $284 million or $0.78 per Common share versus net income of $1.530 billion or $3.90 per share for the year-ago quarter.
After-tax adjusted operating income of $803 million or $2.13 per Common share versus $1.487 billion or $3.78 per share for the year-ago quarter.
Over the last 12 months, PRU stock dropped by -5.29%. The one-year Prudential Financial Inc. stock forecast points to a potential downside of -6.0. The average equity rating for PRU stock is currently 2.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $37.88 billion, with 374.40 million shares outstanding and 371.59 million shares in the current float. Compared to the average trading volume of 1.82M shares, PRU stock reached a trading volume of 3595253 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Prudential Financial Inc. [PRU]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRU shares is $99.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRU stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Prudential Financial Inc. shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on September 22, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on May 24, 2022, representing the official price target for Prudential Financial Inc. stock. Previously, the target price had yet another drop from $131 to $121, while Credit Suisse kept a Neutral rating on PRU stock.
The Average True Range (ATR) for Prudential Financial Inc. is set at 2.76, with the Price to Sales ratio for PRU stock in the period of the last 12 months amounting to 0.59. The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 39.91. Price to Free Cash Flow for PRU in the course of the last twelve months was 3.60.
PRU Stock Performance Analysis:
Prudential Financial Inc. [PRU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.10. With this latest performance, PRU shares gained by 11.73% in over the last four-week period, additionally sinking by -5.63% over the last 6 months – not to mention a drop of -5.29% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRU stock in for the last two-week period is set at 70.06, with the RSI for the last a single of trading hit 75.62, and the three-weeks RSI is set at 65.13 for Prudential Financial Inc. [PRU]. The present Moving Average for the last 50 days of trading for this stock 95.32, while it was recorded at 104.71 for the last single week of trading, and 103.74 for the last 200 days.
PRU Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PRU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Prudential Financial Inc. go to -6.01%.
Prudential Financial Inc. [PRU] Insider Position Details
There are presently around $22,882 million, or 59.70% of PRU stock, in the hands of institutional investors. The top three institutional holders of PRU stocks are: BLACKROCK INC. with ownership of 33,492,725, which is approximately 4.067% of the company’s market cap and around 0.11% of the total institutional ownership; VANGUARD GROUP INC, holding 31,486,574 shares of the stock with an approximate value of $3.32 billion in PRU stocks shares; and STATE STREET CORP, currently with $1.87 billion in PRU stock with ownership of nearly -5.666% of the company’s market capitalization.
Positions in Prudential Financial Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 551 institutional holders increased their position in Prudential Financial Inc. [NYSE:PRU] by around 10,545,694 shares. Additionally, 482 investors decreased positions by around 10,987,790 shares, while 216 investors held positions by with 195,785,430 shares. The mentioned changes placed institutional holdings at 217,318,914 shares, according to the latest SEC report filing. PRU stock had 87 new institutional investments in for a total of 1,423,157 shares, while 108 institutional investors sold positions of 1,590,582 shares during the same period.