Procter & Gamble Co. Target of Unusually High Options Trading (PG)
Procter & Gamble Co. (NYSE:PG) was the recipient of some unusual options trading activity on Monday. Investors bought 16,765 put options on the stock, Stock Ratings Network.com reports. This is an increase of 139% compared to the average daily volume of 7,025 put options.
A number of analysts have recently weighed in on PG shares. Analysts at Barclays Capital downgraded shares of Procter & Gamble Co. (NYSE:PG) from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, September 18th. Separately, analysts at SunTrust downgraded shares of Procter & Gamble Co. (NYSE:PG) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $80.00 price target on the stock, down previously from $88.00. Finally, analysts at BNP Paribas initiated coverage on shares of Procter & Gamble Co. (NYSE:PG) in a research note to investors on Wednesday, September 11th. They set an “underperform” rating and a $74.00 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Procter & Gamble Co. currently has a consensus rating of “Hold” and a consensus price target of $83.37.
Shares of Procter & Gamble Co. (NYSE:PG) traded down 2.10% on Monday, hitting $75.59. The stock had a trading volume of 15,028,271 shares. Procter & Gamble Co. has a 1-year low of $65.83 and a 1-year high of $82.54. The stock’s 50-day moving average is $79.00 and its 200-day moving average is $78.86. The company has a market cap of $207.0 billion and a price-to-earnings ratio of 20.00.
Procter & Gamble Co. (NYSE:PG) last announced its earnings results on Thursday, August 1st. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.02. The company had revenue of $20.66 billion for the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Procter & Gamble Co. will post $4.29 earnings per share for the current fiscal year.
The Procter & Gamble Company (NYSE:PG), is focused on providing consumer packaged goods.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.