Principal Financial Group (PFG) Stock Forecast & Price Target

$85.73 +1.03 (+1.22%)

(As of 11/22/2024 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
0.22% 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 0.22% from the current price of $85.73.

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PFG Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
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	0.22% Upside	-4.72% Downside	7.68% Upside	3.12% Upside
Consensus Rating	Hold	Hold	Hold	Reduce

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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	0.22% Upside	10.24% Upside	7.66% 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%
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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 Saturday at 11:36 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 Wednesday, November 20, 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.:

The stock is currently trading at $86.56, which is near its 52-week high of $91.97, indicating strong market performance and investor confidence.
Principal Financial Group, Inc. recently increased its quarterly dividend to $0.73 per share, reflecting a commitment to returning value to shareholders. This results in an annualized yield of approximately 3.37%.
Analysts have a consensus target price of $85.58, suggesting potential for price appreciation based on current trading levels.
The company reported a positive return on equity of 14.67%, indicating effective management and profitability relative to shareholder equity.
Despite missing earnings expectations, the company generated $3.01 billion in revenue, showcasing its substantial market presence and operational scale.

Principal Financial Group
Bear Case

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

The company reported earnings per share of $1.76, which was below analysts' consensus estimate of $2.02, raising concerns about its profitability and growth potential.
Principal Financial Group, Inc. has a negative net margin of 1.47%, indicating that the company is currently spending more than it earns, which could affect future profitability.
Two analysts have rated the stock with a sell rating, suggesting that there are significant concerns about the company's future performance.
The stock has a relatively high price-to-earnings ratio of -96.20, which may indicate overvaluation or financial instability.
The company has a low current ratio of 0.30, suggesting potential liquidity issues, as it may struggle to cover short-term liabilities with its current assets.

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 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 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 0.22% 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.

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This page (NYSE:PFG) was last updated on 11/23/2024 by MarketBeat.com Staff

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Principal Financial Group (PFG) Stock Forecast & Price Target