Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Prudential Financial Inc (NYSE: PRU) weakened recently. PRU’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 1/5/24, Prudential Financial Inc (NYSE: PRU) stock increased 1.4%, closing at $104.31. However, trading volume in this advance was normal at 83% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
PRU is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Prudential Financial has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Prudential Financial has a slightly negative Appreciation Score of 36 but a very high Power Rating of 91, with the High Neutral Value Trend Rating the result.
Be the first to comment