Analysts See $2.71 EPS for Prudential Financial Inc (PRU)

October 13, 2017 - By Maria Brooks

 Analysts See $2.71 EPS for Prudential Financial Inc (PRU)
Investors sentiment increased to 1.2 in 2017 Q2. Its up 0.06, from 1.14 in 2017Q1. It increased, as 33 investors sold Prudential Financial Inc shares while 254 reduced holdings. 74 funds opened positions while 270 raised stakes. 267.93 million shares or 1.25% more from 264.62 million shares in 2017Q1 were reported.
The Missouri-based Country Club Communication Na has invested 2.28% in Prudential Financial Inc (NYSE:PRU). Invesco accumulated 1.48 million shares. California State Teachers Retirement Sys invested 0.19% of its portfolio in Prudential Financial Inc (NYSE:PRU). Advisor Prtnrs Ltd Liability has 10,738 shares for 0.27% of their portfolio. Wfg Advisors L P reported 0% stake. Anderson Hoagland reported 0.37% in Prudential Financial Inc (NYSE:PRU). Royal Natl Bank Of Canada has invested 0.08% in Prudential Financial Inc (NYSE:PRU). Alaska-based State Of Alaska Department Of Revenue has invested 0.05% in Prudential Financial Inc (NYSE:PRU). Fiduciary Serv Of The Southwest Tx holds 29,416 shares or 0.98% of its portfolio. Macquarie Gru Limited holds 0.03% of its portfolio in Prudential Financial Inc (NYSE:PRU) for 156,321 shares. Moreover, Tokio Marine Asset Mgmt Com has 0.5% invested in Prudential Financial Inc (NYSE:PRU) for 32,498 shares. Tci Wealth Advisors has invested 0.02% of its portfolio in Prudential Financial Inc (NYSE:PRU). Scotia Inc owns 16,433 shares. The North Carolina-based Atria Invests Limited Liability Com has invested 0.12% in Prudential Financial Inc (NYSE:PRU). Ballentine Prtn Ltd reported 3,021 shares.

Since May 8, 2017, it had 0 buys, and 1 sale for $24.08 million activity. Lowrey Charles F had sold 222,857 shares worth $24.08M.

Wall Street await Prudential Financial Inc (NYSE:PRU) to release earnings on November, 1. Analysts forecast earnings per share of $2.71, up exactly $0.05 or 1.88 % from 2014’s $2.66 EPS. The expected PRU’s profit could reach $1.16 billion giving the stock 10.08 P/E in the case that $2.71 earnings per share is reported. After posting $2.09 EPS for the previous quarter, Prudential Financial Inc’s analysts now forecast 29.67 % EPS growth. About 1.34 million shares traded. Prudential Financial Inc (NYSE:PRU) has risen 33.66% since October 13, 2016 and is uptrending. It has outperformed by 16.96% the S&P500.

Prudential Financial Inc (NYSE:PRU) Ratings Coverage

Among 13 analysts covering Prudential Financial (NYSE:PRU), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Prudential Financial had 36 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, September 11. The firm has “Buy” rating given on Friday, September 23 by Goldman Sachs. RBC Capital Markets maintained Prudential Financial Inc (NYSE:PRU) rating on Monday, June 26. RBC Capital Markets has “Hold” rating and $11300 target. The stock of Prudential Financial Inc (NYSE:PRU) earned “Buy” rating by Deutsche Bank on Monday, September 7. The firm earned “Market Perform” rating on Friday, September 23 by Wells Fargo. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, December 14. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, October 5. The stock of Prudential Financial Inc (NYSE:PRU) has “Hold” rating given on Wednesday, August 2 by Wells Fargo. Atlantic Securities downgraded Prudential Financial Inc (NYSE:PRU) on Friday, February 10 to “Neutral” rating. Bank of America downgraded Prudential Financial Inc (NYSE:PRU) on Wednesday, January 20 to “Neutral” rating.

Prudential Financial, Inc., is a financial services company. The company has market cap of $46.96 billion. The Company, through its subsidiaries, offers a range of financial services and products, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. It has a 12.25 P/E ratio. The Company’s activities consists of four divisions, which together encompass seven divisions.

More important recent Prudential Financial Inc (NYSE:PRU) news were published by: Reuters.com which released: “CORRECTED-MOVES-Prudential’s QMA names Adam Broder head of global distribution …” on October 10, 2017, also Bloomberg.com published article titled: “Prudential’s PGIM Is Exploring Entering ETF Marketplace”, Prweb.com published: “Prudential Financial, Inc Joins Ellevate Network in Support of Opportunities …” on October 10, 2017. More interesting news about Prudential Financial Inc (NYSE:PRU) was released by: Pionline.com and their article: “Prudential wins appeal of 401(k) fee lawsuit” with publication date: October 12, 2017.

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