Company Update (NYSE:PRU): PGIM: Global Aging Offers a Silver Lining to Investors

[Business Wire] – Aging populations worldwide will create investment opportunities across real estate, healthcare, and technology, according to research released today by PGIM, the $963 billion global investment management businesses of Prudential Financial, Inc. Read more on this. Prudential Financial, Inc. (PRU) , valued at $33.24B, began trading this morning at $74.95. During the trading session, PRU traded between $74.05 to $75.57 with a one year range of $57.19 to $92.60. PRU shares are currently priced at 7.48x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.80x 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 3.74%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $2.40 per share, which would be $0.39 worse than the year-ago quarter and a $0.09 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $9.81 would be a $0.23 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.19 Billion. If reported, that would be a 5.25% decrease over the year-ago quarter. In terms of ratings, BofA/Merrill downgraded PRU from Buy to Neutral (Jan 20, 2016). Previously, Deutsche Bank upgraded PRU from Hold to Buy. Given all the information above, we should disclose to readers that the average price target is $82.94, which is 10.66% above than it opened this morning. See more in (NYSE:PRU) Similar Articles: Market Update: Prudential Financial Inc (NYSE:PRU) – PGIM Completes Acquisition of Deutsche Bank’s Asset Management Business in India Market Update (NYSE:PRU): Prudential Real Estate Investors and McCarthy Cook & Co. acquire MetroCenter office campus in Costa Mesa, Calif. Stock Update: Prudential Financial Inc (NYSE:PRU) – Prudential Real Estate Investors Acquires Class A Office Property in Washington, D.C.