Prudential Public (NYSE:PUK) Stock Bumped Up to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen upgraded Prudential Public (NYSE: PUK) from “sell” to “hold.” Other analyst views range from “strong buy” to “hold,” resulting in a MarketBeat consensus rating of “Moderate Buy” and a $39.30 price target.
• PUK shares opened at $25.23, near the lower end of their 12-month range of $24.61 to $34.03. The company reported quarterly earnings of $0.58 per share on $3.90 billion in revenue.
• Institutional ownership remains limited at 1.90%, although several investment firms recently initiated or increased positions in the stock.

Prudential Public (NYSE:PUK - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other research analysts have also commented on PUK. Berenberg Bank set a $39.30 price target on Prudential Public and gave the company a "buy" rating in a report on Thursday, September 3rd. Weiss Ratings reissued a "hold (c+)" rating on shares of Prudential Public in a research note on Monday, July 6th. Finally, Zacks Research upgraded shares of Prudential Public from a "strong sell" rating to a "hold" rating in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $39.30.

Prudential Public Stock Performance

Shares of NYSE PUK opened at $25.23 on Friday. Prudential Public has a 12-month low of $24.61 and a 12-month high of $34.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.03 and a quick ratio of 0.04. The stock's 50 day simple moving average is $27.80 and its 200 day simple moving average is $28.56.

Prudential Public (NYSE:PUK - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The financial services provider reported $0.58 earnings per share for the quarter. The firm had revenue of $3.90 billion during the quarter. Research analysts expect that Prudential Public will post 2.34 earnings per share for the current year.

Institutional Investors Weigh In On Prudential Public

A number of institutional investors and hedge funds have recently modified their holdings of PUK. Integrated Wealth Concepts LLC purchased a new position in Prudential Public in the 2nd quarter worth about $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Prudential Public by 2,583.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,549 shares of the financial services provider's stock worth $79,000 after buying an additional 2,454 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Prudential Public by 179.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,612 shares of the financial services provider's stock worth $175,000 after buying an additional 3,604 shares during the period. Strategic Investment Advisors MI purchased a new position in shares of Prudential Public in the first quarter worth approximately $166,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Prudential Public by 5.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,406 shares of the financial services provider's stock worth $199,000 after acquiring an additional 359 shares in the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.

Prudential Public Company Profile

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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