Prudential Public (NYSE:PUK) Rating Increased to Hold at Zacks Investment Research

Prudential Public (NYSE:PUK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “

A number of other research analysts also recently weighed in on the company. ValuEngine upgraded Prudential Public from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Citigroup raised shares of Prudential Public from a “neutral” rating to a “buy” rating in a report on Monday, June 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold”.

Shares of Prudential Public stock traded up $1.13 during trading hours on Wednesday, hitting $38.13. The company’s stock had a trading volume of 43,174 shares, compared to its average volume of 416,410. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.42 and a quick ratio of 0.04. The company has a market capitalization of $47.90 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 1.00 and a beta of 1.47. The stock has a 50 day moving average of $36.40 and a 200 day moving average of $41.16. Prudential Public has a 12 month low of $31.84 and a 12 month high of $47.63.

Several institutional investors have recently modified their holdings of the business. Atria Investments LLC increased its stake in Prudential Public by 31.1% in the 2nd quarter. Atria Investments LLC now owns 20,969 shares of the financial services provider’s stock worth $735,000 after buying an additional 4,975 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in Prudential Public during the second quarter worth approximately $237,000. Vestmark Advisory Solutions Inc. grew its stake in Prudential Public by 2.9% during the second quarter. Vestmark Advisory Solutions Inc. now owns 15,323 shares of the financial services provider’s stock worth $671,000 after buying an additional 425 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in Prudential Public by 69.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 75,489 shares of the financial services provider’s stock worth $3,308,000 after buying an additional 30,838 shares during the period. Finally, Royal Bank of Canada grew its stake in Prudential Public by 6.7% during the second quarter. Royal Bank of Canada now owns 807,225 shares of the financial services provider’s stock worth $35,373,000 after buying an additional 50,466 shares during the period. Institutional investors and hedge funds own 1.98% of the company’s stock.

Prudential Public Company Profile

Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

Read More: Limitations to arbitrage trading

Get a free copy of the Zacks research report on Prudential Public (PUK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Prudential Public (NYSE:PUK)

Receive News & Ratings for Prudential Public Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Public and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit