For Prudential Financial Inc. [PRU], Analyst sees a drop to $96. What next?

Prudential Financial Inc. [NYSE: PRU] stock went on a downward path that fall over -4.57% on Wednesday, amounting to a one-week price decrease of less than -1.85%. The company report on February 28, 2023 that PGIM Closed End Funds declare distributions for March, April and May 2023.

PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for March, April and May 2023. The distribution amounts and schedule for each fund appears below:.

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Over the last 12 months, PRU stock dropped by -32.22%. The one-year Prudential Financial Inc. stock forecast points to a potential upside of 22.28. The average equity rating for PRU stock is currently 3.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $30.34 billion, with 367.80 million shares outstanding and 365.52 million shares in the current float. Compared to the average trading volume of 2.18M shares, PRU stock reached a trading volume of 3359952 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 $101.23 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 3.20. 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.

Goldman have made an estimate for Prudential Financial Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on January 09, 2023. The new note on the price target was released on December 16, 2022, representing the official price target for Prudential Financial Inc. stock.

The Average True Range (ATR) for Prudential Financial Inc. is set at 3.38, with the Price to Sales ratio for PRU stock in the period of the last 12 months amounting to 0.51. The Price to Book ratio for the last quarter was 1.78, with the Price to Cash per share for the same quarter was set at 44.74. Price to Free Cash Flow for PRU in the course of the last twelve months was 9.08.

PRU Stock Performance Analysis:

Prudential Financial Inc. [PRU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.85. With this latest performance, PRU shares dropped by -19.80% in over the last four-week period, additionally sinking by -15.42% over the last 6 months – not to mention a drop of -32.22% 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 28.89, with the RSI for the last a single of trading hit 28.93, and the three-weeks RSI is set at 30.30 for Prudential Financial Inc. [PRU]. The present Moving Average for the last 50 days of trading for this stock 97.18, while it was recorded at 80.33 for the last single week of trading, and 98.23 for the last 200 days.

Insight into Prudential Financial Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Prudential Financial Inc. [PRU] shares currently have an operating margin of -1.45. Prudential Financial Inc.’s Net Margin is presently recorded at -2.44.

Return on Total Capital for PRU is now -7.45, given the latest momentum, and Return on Invested Capital for the company is -2.48. Return on Equity for this stock declined to -3.75, with Return on Assets sitting at -0.18. When it comes to the capital structure of this company, Prudential Financial Inc. [PRU] has a Total Debt to Total Equity ratio set at 172.41. Additionally, PRU Total Debt to Total Capital is recorded at 63.29, with Total Debt to Total Assets ending up at 4.06. Long-Term Debt to Equity for the company is recorded at 126.38, with the Long-Term Debt to Total Capital now at 46.39.

Reflecting on the efficiency of the workforce at the company, Prudential Financial Inc. [PRU] managed to generate an average of -$36,709 per employee.


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 4.07%.

Prudential Financial Inc. [PRU] Insider Position Details

There are presently around $16,756 million, or 59.90% of PRU stock, in the hands of institutional investors. The top three institutional holders of PRU stocks are: BLACKROCK INC. with ownership of 33,261,216, which is approximately 0.231% of the company’s market cap and around 0.13% of the total institutional ownership; VANGUARD GROUP INC, holding 31,611,999 shares of the stock with an approximate value of $2.49 billion in PRU stocks shares; and STATE STREET CORP, currently with $1.37 billion in PRU stock with ownership of nearly -1.461% of the company’s market capitalization.

Positions in Prudential Financial Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 614 institutional holders increased their position in Prudential Financial Inc. [NYSE:PRU] by around 9,398,401 shares. Additionally, 484 investors decreased positions by around 11,517,640 shares, while 204 investors held positions by with 192,048,280 shares. The mentioned changes placed institutional holdings at 212,964,321 shares, according to the latest SEC report filing. PRU stock had 177 new institutional investments in for a total of 1,630,292 shares, while 68 institutional investors sold positions of 984,399 shares during the same period.


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