J.P. Morgan Believes PRU Still Has Room to Grow

In a report released today, Jimmy Bhullar from J.P. Morgan reiterated a Buy rating on Prudential Financial (NYSE: PRU), with a price target of $95. The company’s shares opened today at $84.57, close to its 52-week high of $88.77.

According to TipRanks.com, Bhullar is a 4-star analyst with an average return of 5.1% and a 50.0% success rate. Bhullar covers the Financial sector, focusing on stocks such as American Equity Investment Life, Fidelity & Guaranty Life, and Lincoln National Corp.

Prudential Financial has an analyst consensus of Moderate Buy, with a price target consensus of $91.

Prudential Financial’s market cap is currently $36.76B and has a P/E ratio of 8.61. The company has a book value ratio of 0.6666.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2015, Robert Axel, the SVP & Controller of PRU sold 996 shares for a total of $88,026.

Prudential Financial, Inc. provides a wide range of insurance, investment management, and other financial products and services to both individual and institutional customers throughout the United States and in many other countries through its subsidiaries. Its principal products and services provided include life insurance, annuities, retirement-related services, mutual funds, and investment management. It operates through the following business segments: Individual Annuities, Retirement, Individual Life, Group Insurance, International Insurance, Corporate and Other Operations, and Closed Block. The Individual Annuities segment offers both variable and fixed annuities that may include guaranteed living or death benefits. The Retirement segment manufactures and distributes products and provides administrative services for qualified and non-qualified retirement plans and offers innovative pension risk transfer solutions, investment-only stable value products, guaranteed investment contracts, funding agreements, institutional and retail notes, structured settlement annuities and other group annuities. The Individual Life offers individual variable life, term life and universal life insurance products primarily to the U.S. mass middle, mass affluent and affluent markets. The Group Insurance segment involves a full range of group life, long-term and short-term group disability, and group corporate-, bank and trust-owned life insurance in the U.S. primarily to institutional clients for use in connection with employee plans and affinity groups. The International Insurance segment comprises of individual life insurance, retirement and related products to the mass affluent and affluent markets in Japan, Korea, and other foreign countries through its Life Planner operations. The Corporate and Other Operations segment includes items and initiatives that are not allocated to business segments, and divested businesses. The Closed Block segment involves in force participating insurance and annuity products and corresponding assets that are used for the payment of benefits, expenses and policyholders’ dividends related to these products, as well as certain related assets and liabilities. The company was founded by John Fairfield Dryden in 1875 and is headquartered in Newark, NJ.