Prudential Financial Inc. (NYSE: PRU) has a higher price-to-earnings ratio of 15.29x compared to its average ratio, The 36-month beta value for PRU is at 1.29. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for PRU is 356.32M, and currently, shorts hold a 1.59% of that float. The average trading volume for PRU on September 26, 2024 was 1.55M shares.
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PRU) stock’s latest price update
Prudential Financial Inc. (NYSE: PRU)’s stock price has decreased by -0.20 compared to its previous closing price of 119.81. However, the company has seen a 0.11% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-25 that COLUMBUS, Ga., Sept. 25, 2024 /PRNewswire/ — Nearly 3 out of 4 American workers say they experienced stress and anxiety while covering for a coworker on paid/extended leave,1 according to dual studies by Aflac Incorporated and Prudential Financial, Inc. In addition, about half of workers say they experienced burnout when covering for an employee whose leave extended beyond nine weeks,1 according to the studies, one by Aflac focusing on how employees are impacted by a coworkers’ leave, and another by Prudential, focusing on how employers are supporting workers who cover for employees on leave.
PRU’s Market Performance
Prudential Financial Inc. (PRU) has seen a 0.11% rise in stock performance for the week, with a 1.32% gain in the past month and a 1.66% surge in the past quarter. The volatility ratio for the week is 1.28%, and the volatility levels for the past 30 days are at 1.89% for PRU. The simple moving average for the past 20 days is 1.12% for PRU’s stock, with a 5.92% simple moving average for the past 200 days.
Analysts’ Opinion of PRU
Many brokerage firms have already submitted their reports for PRU stocks, with Barclays repeating the rating for PRU by listing it as a “Equal Weight.” The predicted price for PRU in the upcoming period, according to Barclays is $118 based on the research report published on September 05, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see PRU reach a price target of $113. The rating they have provided for PRU stocks is “Equal Weight” according to the report published on August 12th, 2024.
Jefferies gave a rating of “Buy” to PRU, setting the target price at $143 in the report published on May 22nd of the current year.
PRU Trading at 1.58% 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 -6.97% of loss for the given period.
Volatility was left at 1.89%, however, over the last 30 days, the volatility rate increased by 1.28%, as shares surge +1.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.49% lower at present.
During the last 5 trading sessions, PRU rose by +0.11%, which changed the moving average for the period of 200-days by +19.98% in comparison to the 20-day moving average, which settled at $118.33. In addition, Prudential Financial Inc. saw 15.29% 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 Feeney Caroline, who sale 1,110 shares at the price of $119.97 back on Sep 03 ’24. After this action, Feeney Caroline now owns 10,175 shares of Prudential Financial Inc., valued at $133,167 using the latest closing price.
Feeney Caroline, the Officer of Prudential Financial Inc., proposed sale 1,110 shares at $119.98 during a trade that took place back on Sep 03 ’24, which means that Feeney Caroline is holding shares at $133,177 based on the most recent closing price.
Stock Fundamentals for PRU
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 1.02 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 10.03, with 0.40 for asset returns.
Based on Prudential Financial Inc. (PRU), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is 2.53.
Currently, EBITDA for the company is -116.0 million with net debt to EBITDA at -6.17. When we switch over and look at the enterprise to sales, we see a ratio of 0.86. The receivables turnover for the company is 2.18for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.66.
Conclusion
In conclusion, Prudential Financial Inc. (PRU) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
