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Barclays Stick to Their Hold Rating for Prudential Financial

Published 03/18/2021, 09:15 PM
Updated 03/18/2021, 09:15 PM


Barclays (LON:BARC) analyst Tracy Benguigui maintained a Hold rating on Prudential Financial (NYSE:PRU) on Wednesday, setting a price target of $91, which is approximately 2.34% below the present share price of $93.18.

Benguigui expects Prudential (NYSE:PUK) Financial to post earnings per share (EPS) of $2.07 for the first quarter of 2021.

The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Prudential Financial, with an average price target of $87.86.
The analysts price targets range from a high of $94 to a low of $77.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $16.03 billion and a net profit of $0. The company's market cap is $36.99 billion.

According to TipRanks.com, Barclays analyst Tracy Benguigui is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 7.2% and a 75.00% success rate.

Prudential Financial, Inc. engages in the provision of financial products and services including life insurance, annuities, mutual funds, and investment management to both individual and institutional customers. It operates through the following segments: U.S. Individual Solutions, U.S. Workplace Solutions, PGIM, International Insurance, Closed Block, and Corporate and Others. The U.S. Individual Solutions segment consists of individual annuities and individual life products. The U.S. Workplace Solutions segment comprises of the retirement and group insurance divisions. The PGIM segment provides a broad array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private and sub-advisory clients (including mutual funds), insurance company separate accounts, government sponsored entities and the Company's general account. The International Insurances segment manufactures and distributes individual life insurance, retirement, and related products to the mass affluent and affluent markets in Japan, Korea, and other foreign countries through its Life Planner operations. The Closed Block segment includes certain in force participating insurance and annuity products and corresponding assets that are used for the payment of benefits, expenses and policyholders' dividends related to these products. The Corporate and Other Operations segment include corporate item or businesses that have been or will be divested. The company was founded by John Fairfield Dryden in 1875 and is headquartered in Newark, NJ.

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