#4 - Proctor & Gamble (NYSE:PG)
Proctor & Gamble (NYSE: PG) - Proctor & Gamble shares have climbed nearly 30% since May. Considering that the S&P 500 Index is down 2.4% over that same period, it’s fair to ask if investors have forgotten what P&G is? Defensive stocks aren’t supposed to be behaving this way. Sure enough, analysts are starting to take a closer look at valuation, and they are sensing that P&G is a good stock that is overbought, which makes it a good candidate for profit taking. Investors are seeking the security of defensive stocks. The market has been volatile. The questions surrounding the direction of the economy are not getting clearer. And it’s hard to deny the attractiveness of a company like P&G in these times. But all of this growth is being fed by uncertainty over if, and when, the U.S. economy will tumble into recession. The problem for a stock like P&G is if the economy does enter a recession, the stock will go down and if the economy improves (i.e. takes away recession concerns), the stock will go down. It’s thriving in an unsustainable area with likely only one way to go.
About Procter & Gamble
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.
More- Current Price
- $168.53
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $180.53 (7.1% Upside)
