The price-to-earnings ratio for Principal Financial Group Inc (NASDAQ: PFG) is 15.89x, which is above its average ratio. Moreover, the 36-month beta value for PFG is 1.24. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for PFG is 232.92M and currently, short sellers hold a 1.35% of that float. On May 09, 2024, PFG’s average trading volume was 1.21M shares.
PFG) stock’s latest price update
Principal Financial Group Inc (NASDAQ: PFG)’s stock price has soared by 0.63 in relation to previous closing price of 82.46. Nevertheless, the company has seen a gain of 3.92% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-06 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Principal Financial (PFG) have what it takes?
PFG’s Market Performance
Principal Financial Group Inc (PFG) has seen a 3.92% rise in stock performance for the week, with a 0.21% gain in the past month and a 6.23% surge in the past quarter. The volatility ratio for the week is 1.52%, and the volatility levels for the past 30 days are at 1.76% for PFG. The simple moving average for the past 20 days is 3.22% for PFG’s stock, with a 7.48% simple moving average for the past 200 days.
Analysts’ Opinion of PFG
Many brokerage firms have already submitted their reports for PFG stocks, with Morgan Stanley repeating the rating for PFG by listing it as a “Equal-Weight.” The predicted price for PFG in the upcoming period, according to Morgan Stanley is $75 based on the research report published on February 15, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see PFG reach a price target of $83, previously predicting the price at $82. The rating they have provided for PFG stocks is “In-line” according to the report published on January 04th, 2024.
Jefferies gave a rating of “Hold” to PFG, setting the target price at $65 in the report published on June 23rd of the previous year.
PFG Trading at 1.48% from the 50-Day Moving Average
After a stumble in the market that brought PFG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.39% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares surge +2.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.85% upper at present.
During the last 5 trading sessions, PFG rose by +3.92%, which changed the moving average for the period of 200-days by -0.87% in comparison to the 20-day moving average, which settled at $80.48. In addition, Principal Financial Group Inc saw 5.48% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PFG
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 1.0 for the gross margin
The net margin for Principal Financial Group Inc stands at 0.09. The total capital return value is set at 0.01. Equity return is now at value 12.11, with 0.46 for asset returns.
Based on Principal Financial Group Inc (PFG), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.92. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is -282.93.
Currently, EBITDA for the company is -76.0 million with net debt to EBITDA at -0.07. When we switch over and look at the enterprise to sales, we see a ratio of 1.29. The receivables turnover for the company is 0.62for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.46.
Conclusion
To wrap up, the performance of Principal Financial Group Inc (PFG) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
