Principal Financial Group (PFG) Stock Forecast & Price Target

$84.80 +0.65 (+0.77%)

(As of 11/21/2024 ET)

Principal Financial Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 12 Analyst Ratings

Sell
2

Hold
9

Buy
1

Based on 12 Wall Street analysts who have issued ratings for Principal Financial Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 2 have given a sell rating, 9 have given a hold rating, and 1 has given a strong buy rating for PFG.

Consensus Price Target

$85.92
1.32% Upside

According to the 12 analysts' twelve-month price targets for Principal Financial Group, the average price target is $85.92. The highest price target for PFG is $99.00, while the lowest price target for PFG is $70.00. The average price target represents a forecasted upside of 1.32% from the current price of $84.80.

Get the Latest News and Ratings for PFG and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Principal Financial Group and its competitors.

PFG Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)	7 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	5 Sell rating(s)
Consensus Price Target	$85.92	$85.42	$85.58	$74.92
Forecasted Upside	1.32% Upside	-5.01% Downside	7.68% Upside	3.69% Upside
Consensus Rating	Hold	Hold	Hold	Reduce

Download Our Tesla Ebook For Free (Ad)

Like many of you, we here at the TradingPub are bullish on Tesla long term. We believe the company will continue to be a leader in technology, EVs and A.I. We also believe it’s share price will be rewarded in a big way… In fact, our #1 Tesla expert just published a brand new Ebook regarding Tesla’s future, and we’d like to send it to you at no cost.

To claim your copy free of charge simply follow this link.

PFG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PFG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Principal Financial Group Stock vs. The Competition

Type	Principal Financial Group	Finance Companies	S&P 500
Consensus Rating Score	2.00	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	1.32% Upside	11.64% Upside	8.51% Upside
News Sentiment Rating	Positive News See Recent PFG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/19/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$87.00 ➝ $91.00	+8.90%
10/25/2024	Barclays 3 of 5 stars	A. Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$75.00 ➝ $77.00	-7.27%
10/10/2024	Bank of America 4 of 5 stars		Lower Target	Neutral ➝ Neutral	$94.00 ➝ $91.00	+3.87%
10/10/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$85.00 ➝ $86.00	-1.96%
10/2/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$85.00 ➝ $90.00	+5.71%
8/19/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$85.00 ➝ $83.00	+6.29%
Get the Latest News and Ratings for PFG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Principal Financial Group and its competitors with MarketBeat's FREE daily newsletter.
7/30/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$88.00 ➝ $86.00	+5.61%
7/23/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$68.00 ➝ $70.00	-18.01%
7/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$73.00 ➝ $76.00	-13.37%
7/9/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Burdis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Strong-Buy	$99.00	+26.18%
7/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Neutral	$88.00 ➝ $96.00	+23.06%
4/11/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$84.00 ➝ $86.00	+7.06%
6/9/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Upgrade
1/9/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell	$61.00 ➝ $71.00	-18.85%
12/8/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$86.00	-4.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:03 PM ET.

Should I Buy Principal Financial Group Stock? PFG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 8, 2024. Please send any questions or comments about these Principal Financial Group pros and cons to contact@marketbeat.com.

Principal Financial Group
Bull Case

Here are some ways that investors could benefit from investing in Principal Financial Group, Inc.:

Principal Financial Group, Inc. has shown consistent growth in revenue and earnings over the past few quarters, indicating a strong financial performance.
The stock price of Principal Financial Group, Inc. has been steadily increasing, reaching $87.32 as of the latest trading session, showing positive momentum.
Analysts have provided favorable ratings for Principal Financial Group, Inc., with some even upgrading the stock to a "strong-buy" rating, reflecting confidence in its future prospects.
Principal Financial Group, Inc. has a healthy return on equity of 14.92%, indicating efficient utilization of shareholder funds to generate profits.
The company's low price-to-earnings ratio of 16.66 suggests that the stock may be undervalued, presenting a potential buying opportunity for investors.

Principal Financial Group
Bear Case

Investors should be bearish about investing in Principal Financial Group, Inc. for these reasons:

Principal Financial Group, Inc. recently reported earnings below analyst expectations, which could lead to short-term volatility in the stock price.
The company's current ratio and quick ratio of 0.29 each may indicate potential liquidity challenges or difficulties in meeting short-term obligations.
Despite positive analyst ratings, some analysts have issued sell recommendations on Principal Financial Group, Inc., suggesting differing opinions on the stock's outlook.
Principal Financial Group, Inc. operates in a competitive industry, facing challenges from other financial services firms that could impact its market share and profitability.
The company's beta of 1.19 indicates that the stock may be more volatile compared to the overall market, potentially leading to higher risk for investors.

PFG Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Principal Financial Group is $85.92, with a high forecast of $99.00 and a low forecast of $70.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PFG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PFG, but not buy additional shares or sell existing shares.
: According to analysts, Principal Financial Group's stock has a predicted upside of 1.32% based on their 12-month stock forecasts.
: Principal Financial Group has been rated by research analysts at Bank of America, Barclays, Piper Sandler, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.
: Analysts like Principal Financial Group less than other "finance" companies. The consensus rating score for Principal Financial Group is 2.00 while the average consensus rating score for "finance" companies is 2.49. Learn more on how PFG compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top Rated Stocks

More Ratings Tools

The Tesla Trade Is Back In Business (Ad)

If you held shares of Tesla throughout 2024, you know It’s been a year of extreme highs and lows… But according to our one expert, new yearly highs are on the horizon… In his words, Tesla is building momentum like in 2020, especially as Trump supports the EV maker. Which is why we’re emailing you now… You see, most people will simply buy shares of Tesla ahead of the election… But as they say “There is more than one way to skin a cat” In fact, we’ve found another way to play shares of Tesla.

Discover how to trade Tesla, simply follow this link here.

This page (NYSE:PFG) was last updated on 11/21/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Principal Financial Group (PFG) Stock Forecast & Price Target