-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下:我们将PFG的12个月目标价上调12美元至108美元,基于2026年每股收益预期9.12美元(上调0.02美元),市盈率为11.8倍;基于2027年每股收益预期10.10美元(上调0.18美元),市盈率为10.7倍。相比之下,该股过去一年的平均远期市盈率为9.5倍,同业平均市盈率为8.3倍。我们将2026年的营业收入预期下调至持平或增长3%(此前预期为增长3%至6%),但维持2027年收入增长3%至6%的预期不变。 2026年第一季度营业收入下降13%,主要原因是保费收入下降34%,但部分被手续费收入增长3.7%和净投资收益增长2.9%所抵消。考虑到第一季度利润率的全面提升、收入基数的下降以及该股相对于同业和历史平均水平的溢价,我们认为该股估值合理。
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