Procter & Gamble Co. Target of Unusually High Options Trading (PG)
Shares of Procter & Gamble Co. (NYSE:PG) saw some unusual options trading on Tuesday. Traders bought 23,206 call options on the company, StockRatingsNetwork reports. This represents an increase of approximately 269% compared to the typical volume of 6,288 call options.
A number of analysts have recently weighed in on PG shares. Analysts at Wells Fargo & Co. upgraded shares of Procter & Gamble Co. from a “market perform” rating to an “outperform” rating in a research note to investors on Monday. Separately, analysts at Barclays Capital downgraded shares of Procter & Gamble Co. from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, September 18th. Finally, analysts at SunTrust downgraded shares of Procter & Gamble Co. 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. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $83.37.
Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.90% during mid-day trading on Tuesday, hitting $76.33. The stock had a trading volume of 9,656,617 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 $78.11 and its 200-day moving average is $78.84. The company has a market cap of $209.0 billion and a price-to-earnings ratio of 19.60.
Procter & Gamble Co. (NYSE:PG) last released its earnings data on Thursday, August 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts expect that Procter & Gamble Co. will post $4.29 EPS for the current fiscal year.
The Procter & Gamble Company (NYSE:PG), is focused on providing consumer packaged goods.
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