Principal Financial Group Surpasses Analyst Target; A Look at Future Prospects
Recently, shares of Principal Financial Group Inc (Symbol: PFG) have achieved a trading price of $87.21, which is above the average 12-month analyst target price of $86.38. When a stock meets its target price, analysts typically face two choices: they can lower their valuation or raise their target price. Their decision often hinges on the company’s latest performance and market conditions, driving stock prices higher.
There are 13 different analyst targets from the Zacks coverage universe that contribute to the average for Principal Financial Group Inc. However, this average reflects a range of opinions, with some analysts setting lower targets, such as one expecting a price of $70.00, while another predicts a high of $99.00. The standard deviation among these targets is $7.377, indicating varying opinions on the stock’s future.
The rationale for considering the average PFG price target lies in the “wisdom of crowds.” This approach combines insights from various analysts, providing a broader view than any single expert may offer. With PFG now trading above the average target price of $86.38/share, investors are encouraged to evaluate their positions. They must decide whether $86.38 represents an interim plateau en route to a higher target or whether the valuation has become inflated enough to consider selling some shares. Below is a breakdown of current analyst opinions regarding Principal Financial Group Inc:
| Recent PFG Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 1 | 1 | 1 | 1 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 11 | 11 | 11 | 11 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 2 | 2 | 2 | 1 |
| Average rating: | 3.14 | 3.14 | 3.14 | 3.0 |
The average rating in the table above uses a scale from 1 to 5, signifying Strong Buy to Strong Sell. Data in this article is sourced from Zacks Investment Research via Quandl.com. Access the latest Zacks research report on PFG for free.
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The views and opinions expressed herein are solely those of the author and may not reflect those of Nasdaq, Inc.
