Company Update: Prudential Financial Inc (NYSE:PRU) – New research from Prudential predicts expansion of stable value market

[Business Wire] – Growing numbers of plan sponsors and intermediaries may be open to embracing stable value in the coming years, according to a new white paper released today by Prudential Retirement, a business unit of Prudential Financial, Inc. Read more on this. Prudential Financial, Inc. (PRU) , valued at $32.62B, opened this morning at $73.42. Looking at today’s trading action, the company’s one day range from $72.15 to $73.83 with a trailing 52-week range being $72.15 to $92.60. Priced at 7.04x this year’s forecasted earnings, PRU shares are relatively inexpensive compared to the industry’s 14.05x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.80 per share annually in dividends, yielding 3.44%. According to a consensus of 19 analysts, the earnings estimate of $2.30 per share would be $0.18 better than the year-ago quarter and a $0.10 sequential decrease. Investors should also note that the full-year EPS estimate of $10.37 is a $1.16 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.54 Billion. If realized, that would be a 27.10% decrease over the year-ago quarter. In terms of ratings, Deutsche Bank upgraded PRU from Hold to Buy (Sep 8, 2015). Previously, Piper Jaffray Initiated PRU at to Overweight. The average price target for PRU shares by the analysts covering the stock is $97.06, which is 32.20% above where the stock opened this morning. See more in (NYSE:PRU) Similar Articles: Company Update: Prudential Financial Inc (NYSE:PRU) – Prudential Financial To Announce Third Quarter 2015 Earnings; Schedules Conference Call Company Update: Prudential Financial Inc (NYSE:PRU) – New research finds link between inheritances and retirement preparedness Market Update: Prudential Financial Inc (NYSE:PRU) – Timothy P. Harris named general counsel of Prudential Financial; Susan Blount to retire after a decade in the role and 30 years at the company