Stock Rating Downgrade
Of late the Value Trend Rating for Prudential Financial Inc (NYSE: PRU) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 6/21/24, Prudential Financial Inc (NYSE: PRU) stock rose modestly by 0.6%, closing at $117.73. Moreover, this advance was accompanied by exceptionally high trading volume at 229% of normal. The stock has been strong relative to the market over the last nine months and has risen 2.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PRU is expected to continue to be a major Value Builder.
Prudential Financial has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Prudential Financial has a neutral Appreciation Score of 40 but a good Power Rating of 81, with the High Neutral Value Trend Rating the result.
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