Zacks Research Upgrades Prudential Public (NYSE:PUK) to Strong-Buy

Prudential Public (NYSE:PUK) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research note on Wednesday, April 8th. Jefferies Financial Group downgraded shares of Prudential Public from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential Public in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Prudential Public has an average rating of “Moderate Buy”.

Prudential Public Price Performance

Prudential Public stock opened at $26.56 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a fifty day simple moving average of $29.75 and a two-hundred day simple moving average of $30.26. Prudential Public has a twelve month low of $23.88 and a twelve month high of $34.03.

Prudential Public (NYSE:PUK) last posted its quarterly earnings results on Saturday, February 14th. The financial services provider reported $25.85 earnings per share for the quarter. The business had revenue of $7.59 billion during the quarter. On average, research analysts predict that Prudential Public will post 2.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Prudential Public

Several hedge funds and other institutional investors have recently modified their holdings of PUK. Geneos Wealth Management Inc. raised its stake in shares of Prudential Public by 86.6% during the first quarter. Geneos Wealth Management Inc. now owns 3,683 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 1,709 shares during the last quarter. Rhumbline Advisers raised its stake in Prudential Public by 5.9% in the second quarter. Rhumbline Advisers now owns 12,367 shares of the financial services provider’s stock worth $309,000 after buying an additional 694 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Prudential Public by 44.9% in the second quarter. Russell Investments Group Ltd. now owns 31,077 shares of the financial services provider’s stock worth $778,000 after buying an additional 9,630 shares in the last quarter. M&T Bank Corp bought a new position in Prudential Public in the second quarter worth about $231,000. Finally, EverSource Wealth Advisors LLC raised its stake in Prudential Public by 197.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,132 shares of the financial services provider’s stock worth $128,000 after buying an additional 3,404 shares in the last quarter. 1.90% of the stock is owned by institutional investors.

About Prudential Public

Prudential Public (NYSE: PUK) is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.