Prudential Public (NYSE:PUK) Raised to "Strong-Buy" at Berenberg Bank

Key Points

• Berenberg Bank upgraded Prudential Public to “strong buy,” while overall analyst sentiment remains “Moderate Buy” with a consensus price target of $39.30.
• Prudential Public shares fell 2.1% to open at $27.76, compared with a 12-month range of $24.61 to $34.03.
• The company reported quarterly earnings of $0.58 per share on revenue of $3.90 billion; institutional investors collectively own 1.90% of its stock.

Prudential Public (NYSE:PUK - Get Free Report) was upgraded by equities researchers at Berenberg Bank to a "strong-buy" rating in a research report issued on Wednesday, Zacks reports.

Several other analysts have also weighed in on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Prudential Public in a research note on Monday, July 6th. Morgan Stanley reiterated an "overweight" rating on shares of Prudential Public in a report on Friday, May 15th. Finally, Zacks Research downgraded Prudential Public from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.30.

Prudential Public Trading Down 2.1%

Shares of NYSE PUK opened at $27.76 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.03 and a quick ratio of 0.04. Prudential Public has a twelve month low of $24.61 and a twelve month high of $34.03. The firm has a fifty day simple moving average of $28.25 and a 200 day simple moving average of $28.97.

Prudential Public (NYSE:PUK - Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The financial services provider reported $0.58 EPS for the quarter. The firm had revenue of $3.90 billion for the quarter. On average, equities research analysts predict that Prudential Public will post 1.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Prudential Public

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in shares of Prudential Public by 86.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,683 shares of the financial services provider's stock worth $79,000 after buying an additional 1,709 shares in the last quarter. Rhumbline Advisers grew 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 acquiring an additional 694 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Prudential Public by 44.9% during the second quarter. Russell Investments Group Ltd. now owns 31,077 shares of the financial services provider's stock valued at $778,000 after acquiring an additional 9,630 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Prudential Public during the second quarter valued at approximately $231,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Prudential Public by 197.0% during the second quarter. EverSource Wealth Advisors LLC now owns 5,132 shares of the financial services provider's stock worth $128,000 after acquiring an additional 3,404 shares during the period. Hedge funds and other institutional investors own 1.90% of the company's stock.

Prudential Public Company Profile

Prudential Public NYSE: PUK is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.

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