Prudential Public (NYSE:PUK) Stock Rating Lowered by Wall Street Zen

by · The Markets Daily

Prudential Public (NYSE:PUK – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other analysts also recently issued reports on PUK. Zacks Research downgraded Prudential Public from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research report on Monday, July 6th. Morgan Stanley reiterated an “overweight” rating on shares of Prudential Public in a report on Friday, May 15th. Finally, Berenberg Bank set a $39.30 price target on Prudential Public and gave the stock a “buy” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Prudential Public currently has a consensus rating of “Moderate Buy” and an average price target of $39.30.

Check Out Our Latest Report on PUK

Prudential Public Trading Down 0.1%

NYSE PUK opened at $26.66 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.04 and a current ratio of 0.03. Prudential Public has a one year low of $24.61 and a one year high of $34.03. The company’s 50 day moving average price is $28.24 and its 200 day moving average price is $28.85.

Prudential Public (NYSE:PUK – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The business had revenue of $3.90 billion during the quarter. As a group, equities research analysts forecast that Prudential Public will post 2.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Prudential Public

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings in shares of Prudential Public by 5.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,406 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 359 shares in the last quarter. United Capital Financial Advisors LLC boosted its holdings in Prudential Public by 2.8% during the third quarter. United Capital Financial Advisors LLC now owns 16,966 shares of the financial services provider’s stock worth $475,000 after buying an additional 469 shares in the last quarter. Allworth Financial LP grew its position in Prudential Public by 47.0% in the fourth quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider’s stock worth $47,000 after buying an additional 480 shares during the last quarter. ICONIQ Capital LLC grew its position in Prudential Public by 3.9% in the second quarter. ICONIQ Capital LLC now owns 14,098 shares of the financial services provider’s stock worth $353,000 after buying an additional 531 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Prudential Public by 5.9% in the second quarter. Rhumbline Advisers now owns 12,367 shares of the financial services provider’s stock valued at $309,000 after buying an additional 694 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Public Company Profile

(Get Free Report)

Prudential plc is a United Kingdom-based international financial services group focused on life and health insurance, retirement solutions and related financial products. The company serves individuals and businesses through products that may include life insurance, medical and health coverage, savings and investment-linked policies, pensions and retirement planning solutions.

Prudential operates primarily in Asia and Africa, with markets including Hong Kong, mainland China, Indonesia, Malaysia, Singapore, Thailand, Vietnam and other countries in the region.

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