Positive News Coverage Somewhat Unlikely to Affect Prudential Financial (PRU) Stock Price

News articles about Prudential Financial (NYSE:PRU) have trended positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Prudential Financial earned a news impact score of 0.25 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.1533799549797 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

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A number of brokerages have recently commented on PRU. Atlantic Securities upgraded Prudential Financial from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded Prudential Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, April 11th. Deutsche Bank lowered their target price on Prudential Financial from $132.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Bank of America started coverage on Prudential Financial in a research report on Monday, March 26th. They set a “buy” rating and a $117.00 target price for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $125.00 target price on shares of Prudential Financial in a research report on Thursday, April 12th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Prudential Financial currently has a consensus rating of “Buy” and a consensus price target of $119.00.

NYSE:PRU traded up $0.35 during trading hours on Monday, hitting $107.38. 948,752 shares of the company were exchanged, compared to its average volume of 2,164,031. The firm has a market cap of $45,166.66, a P/E ratio of 10.15, a P/E/G ratio of 1.04 and a beta of 1.52. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.32. Prudential Financial has a one year low of $97.88 and a one year high of $127.14.

Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $2.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.64 by $0.05. Prudential Financial had a return on equity of 9.29% and a net margin of 13.41%. The business had revenue of $15.25 billion during the quarter, compared to analyst estimates of $12.87 billion. During the same period last year, the company earned $2.46 EPS. equities research analysts expect that Prudential Financial will post 12.07 EPS for the current year.

In other Prudential Financial news, insider Stephen Pelletier sold 40,729 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $108.75, for a total transaction of $4,429,278.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

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About Prudential Financial

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.

Insider Buying and Selling by Quarter for Prudential Financial (NYSE:PRU)

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