J.P. Morgan Remains a Hold on Principal Financial (PFG)
J.P. Morgan analyst Jimmy Bhullar maintained a Hold rating on Principal Financial yesterday and set a price target of $103.00. The company’s shares closed yesterday at $93.50.
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According to TipRanks, Bhullar is a 4-star analyst with an average return of 6.2% and a 56.34% success rate. Bhullar covers the Financial sector, focusing on stocks such as Hartford Insurance, Prudential Financial, and Globe Life.
Principal Financial has an analyst consensus of Hold, with a price target consensus of $94.57, implying a 1.14% upside from current levels. In a report released on March 3, Morgan Stanley also maintained a Hold rating on the stock with a $95.00 price target.
Based on Principal Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.58 billion and a net profit of $517 million. In comparison, last year the company earned a revenue of $4.75 billion and had a net profit of $905.4 million
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