Procter & Gamble (NYSE:PG - Get Free Report) had its target price reduced by equities researchers at Truist Financial from $185.00 to $180.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price target would indicate a potential upside of 11.77% from the company's current price.
A number of other analysts also recently issued reports on PG. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the stock an "overweight" rating in a report on Friday. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company raised their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus boosted their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $180.79.
Read Our Latest Analysis on Procter & Gamble
Procter & Gamble Price Performance
NYSE PG traded up $1.51 during mid-day trading on Friday, hitting $161.04. The stock had a trading volume of 12,892,765 shares, compared to its average volume of 7,124,247. Procter & Gamble has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm's 50 day moving average is $168.16 and its 200 day moving average is $168.32. The stock has a market capitalization of $377.61 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 3.76 and a beta of 0.43.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.03). The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Equities research analysts forecast that Procter & Gamble will post 6.91 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company's stock.
Hedge Funds Weigh In On Procter & Gamble
A number of institutional investors and hedge funds have recently bought and sold shares of PG. NewSquare Capital LLC boosted its position in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Navigoe LLC acquired a new stake in Procter & Gamble during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $31,000. Hoey Investments Inc. boosted its stake in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after buying an additional 148 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new position in Procter & Gamble during the fourth quarter worth $34,000. Institutional investors own 65.77% of the company's stock.
About Procter & Gamble
(
Get Free Report)
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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