Principal Financial Group, Inc. (PFG), a financial investment and insurance company, has a market cap of $18 billion. Despite lagging behind the market, its stock is up 6.2% YTD. PFG released weaker-than-expected Q3 earnings, with adjusted EPS at $2.10 missing estimates. However, shares surged 3.3% post-earnings, possibly due to a 5.9% increase in Assets Under Management. Analysts expect EPS to grow 18.8% for the fiscal year. The consensus rating is “Hold,” with a mean price target of $88.85. Morgan Stanley maintains an “Underweight” rating with a price target of $87, suggesting a 5.9% upside.
Source: www.barchart.com
Read more at Yahoo Finance: Are Wall Street Analysts Bullish on Principal Financial Group Stock?
