Prudential Financial Inc. (NYSE: PRU) has a higher price-to-earnings ratio of 16.65x compared to its average ratio. PRU has 36-month beta value of 1.34. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for PRU is 358.31M, and currently, short sellers hold a 1.37% ratio of that float. The average trading volume of PRU on April 24, 2024 was 1.57M shares.
PRU) stock’s latest price update
Prudential Financial Inc. (NYSE: PRU)’s stock price has plunge by 0.52relation to previous closing price of 111.47. Nevertheless, the company has seen a 4.15% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-23 that Recent market downturn due to inflation, high rates, geopolitics, and commodity costs presents dividend stock buying opportunities for higher yields, growth stability, and an inflation hedge. Dividend payments worldwide and in the U.S. hit all-time highs in 2023, a year that ended with record levels of cash on corporate balance sheets. Using SA’s Dividend Scorecard, the Quant Team picked 10 stocks with average forward yields ranging from 3.22% to 9.29% and consecutive payouts of up to 61 years.
PRU’s Market Performance
Prudential Financial Inc. (PRU) has experienced a 4.15% rise in stock performance for the past week, with a -2.23% drop in the past month, and a 7.41% rise in the past quarter. The volatility ratio for the week is 1.35%, and the volatility levels for the past 30 days are at 1.45% for PRU. The simple moving average for the last 20 days is -1.04% for PRU stock, with a simple moving average of 11.45% for the last 200 days.
Analysts’ Opinion of PRU
JP Morgan, on the other hand, stated in their research note that they expect to see PRU reach a price target of $118, previously predicting the price at $119. The rating they have provided for PRU stocks is “Neutral” according to the report published on January 03rd, 2024.
Deutsche Bank gave a rating of “Hold” to PRU, setting the target price at $99 in the report published on October 05th of the previous year.
PRU Trading at 0.81% from the 50-Day Moving Average
After a stumble in the market that brought PRU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.59% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.35%, as shares sank -3.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.13% upper at present.
During the last 5 trading sessions, PRU rose by +4.15%, which changed the moving average for the period of 200-days by +24.71% in comparison to the 20-day moving average, which settled at $113.05. In addition, Prudential Financial Inc. saw 8.04% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PRU starting from SULLIVAN ANDREW F, who sale 7,685 shares at the price of $111.57 back on Mar 12 ’24. After this action, SULLIVAN ANDREW F now owns 13,691 shares of Prudential Financial Inc., valued at $857,415 using the latest closing price.
Axel Robert, the SVP and Controller of Prudential Financial Inc., sale 6,436 shares at $111.86 during a trade that took place back on Mar 12 ’24, which means that Axel Robert is holding 7,901 shares at $719,942 based on the most recent closing price.
Stock Fundamentals for PRU
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 1.0 for the gross margin
The net margin for Prudential Financial Inc. stands at 0.05. The total capital return value is set at 0.0. Equity return is now at value 11.16, with 0.35 for asset returns.
Based on Prudential Financial Inc. (PRU), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.75. The interest coverage ratio of the stock is 0.96.
Currently, EBITDA for the company is -116.0 million with net debt to EBITDA at 0.88. When we switch over and look at the enterprise to sales, we see a ratio of 0.79. The receivables turnover for the company is 1.87for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.53.
Conclusion
To put it simply, Prudential Financial Inc. (PRU) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
