An analyst sees good growth prospects for Prudential plc (PUK)

Prudential plc (NYSE: PUK) stock fell -0.74% on Friday to $21.34 against a previous-day closing price of $21.50. With 1.05 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.82 million shares. During the session, the Insurance – Life company that operates in wider Financial sector, reached to the highest price of $21.73 whereas the lowest price it dropped to was $21.19. The 52-week range on PUK shows that it touched its highest point at $42.46 and its lowest point at $20.26 during that stretch. It currently has a 1-year price target of $35.76. With its current market cap of 29.05 billion, PUK has annualized dividend of $0.35 while the current yield stands at 1.65%. Beta for the stock currently stands at 1.43.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PUK was down-trending over the past week, with a drop of -3.40%, but this was down by -5.41% over a month. Three-month performance dropped to -8.69% while six-month performance fell -26.03%. The stock lost -44.64% in the past year, while it has lost -38.02% so far this year. EPS is expected to grow by 9.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.20%.

Float and Shares Shorts:

At present, 1.37 billion PUK shares are outstanding with a float of 1.37 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 0.5 million, which was 0.04% higher than short shares on Jun 14, 2022. In addition to Mr. Mark Thomas FitzPatrick C.A., CA as the firm’s Group CEO, COO & Exec. Director, Mr. Stuart James Turner B.A., F.C.A., F.R.M. serves as its Group CFO & Exec. Director.

Institutional Ownership:

Through their ownership of 1.72% of PUK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.76% of PUK, in contrast to 0.08% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in PUK with 0.18% of the stake, Managed Account Advisors LLC holds 2,519,934 shares worth 2,519,934. A second-largest stockholder of PUK, Parametric Portfolio Associates L, holds 2,162,342 shares, controlling over 0.16% of the firm’s shares. BlackRock Investment Management L is the third largest shareholder in PUK, holding 1,596,762 shares or 0.12% stake. With a 0.03% stake in PUK, the DFA International Core Equity Por is the largest stakeholder. A total of 450,688 shares are owned by the mutual fund manager. The BLK Acciones Europa SA de CV Seri, which owns about 0.01% of PUK stock, is the second-largest Mutual Fund holder. It holds 134,436 shares valued at 2.84 million. DFA International Sustainability holds 0.01% of the stake in PUK, owning 66,773 shares worth 1.41 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PUK since 19 analysts follow the stock currently. There are 15 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PUK analysts setting a high price target of $40.96 and a low target of $25.48, the average target price over the next 12 months is $35.35. Based on these targets, PUK could surge 91.94% to reach the target high and rise by 19.4% to reach the target low. Reaching the average price target will result in a growth of 65.65% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PUK will report FY 2022 earnings on 03/15/2023. Analysts have provided yearly estimates in a range of $2.41 being high and $0.94 being low. For PUK, this leads to a yearly average estimate of $1.79. Based on analyst estimates, the high estimate for the next quarter is $1.62 and the low estimate is $1.62. The average estimate for the next quarter is thus $1.62.

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