Will RBC Capital Upgrade to Outperform from Sector Perform Be a Tailwind For Prudential (NYSE:PRU) Stock Today?

Share with your friends


RBC Analyst Rating Change Prudential NYSE:PRU

Prudential (NYSE:PRU) Upgrade of Rating

RBC Capital upped the shares of Prudential (NYSE:PRU) from a Sector Perform rating to Outperform rating in an analyst report issued on 12 February.

Despite the firm’s rating upgrade NYSE:PRU is now trading -0.11% lower at $110.25 as of 2:03 PM New York time. Prudential’s stock is 0% over the last 200 days. It has underperformed the S&P500 Index, which has increased 6.00% over the same time.

According to data compiled by Thomson Reuters, Prudential (NYSE:PRU)’s stock is covered by 16 equity analysts across the Street, with 0 analysts giving it a Sell rating, 13 a Buy rating, while 7 consider it a Hold. The 12-month consensus target price for the stock is $84.88, which reflects an downside potential of 23.01% over the current price.

Institutional Ownership

Meiji Yasuda Life Insurance Co had the most significant stake with ownership of 1.03M shares as of Q2 2015 for 11.25% of the stock exposure. Benin Management Corp is another bullish institutional investor who is having 125,360 shares of Prudential or 4.95% of their stock exposure. In addition, Nippon Life Insurance Co have 4.69% of their stock exposure invested in the company for 2.58M shares. The New Hampshire-based fund Lumbard & Kellner Llc disclosed it had purchased a stake worth about 4.08% of the institutional investor’s stock portfolio in Prudential. The Washington-based fund Garland Capital Management Inc is also positive about the stock, possessing 72,763 shares or 3.5% of their stock exposure.

Prudential (NYSE:PRU) Profile

Prudential Financial IncPrudential Financial, Inc., is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.

Prudential (NYSE:PRU) traded down -0.11% on 12 February, hitting $110.25. A total of 1.23 million shares of the company’s stock traded hands. This is down from average of 1.60 million shares. Prudential has a 52 week low of $97.88 and a 52 week high of $115.26. The company has a market cap of $47.40 billion and a P/E ratio of 11.11.

Get the latest Prudential (NYSE:PRU) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.