UBS AG Cuts Prudential Financial EPS Estimates (PRU)
Equities research analysts at UBS AG (NYSE: UBS) lowered their earnings per share estimates on shares of Prudential Financial (NYSE: PRU) in a research note issued to investors on Friday. The firm currently has a “buy” rating and a $73.00 price target on the company’s shares. They previously had a $77.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital (NYSE: BCS) downgraded shares of Prudential Financial from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday. They now have a $62.00 price target on the stock, down previously from $69.00. Separately, analysts at Credit Suisse (NYSE: CS) cut their price target on shares of Prudential Financial to $62.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Sterne Agee cut their price target on shares of Prudential Financial from $83.00 to $77.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
Prudential Financial traded down 1.32% on Friday, hitting $52.19. Prudential Financial has a 1-year low of $42.45 and a 1-year high of $65.30. The company has a market cap of $24.373 billion and a price-to-earnings ratio of 12.65.
Prudential Financial last released its earnings data on Wednesday, May 2nd. The company reported $1.56 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.71 by $0.15. Prudential Financial’s revenue was up 16.4% compared to the same quarter last year. Analysts expect that Prudential Financial will post $1.72 EPS next quarter.
Prudential Financial, Inc. (Prudential Financial) is a financial services company. The Company has operations in the United States, Asia, Europe and Latin America.