B. Riley Increases Procter & Gamble Co. Price Target to $89.00 (PG)
B. Riley increased their price objective on shares of Procter & Gamble Co. (NYSE:PG) to $89.00 in a research note issued on Friday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. B. Riley’s target price points to a potential upside of 12.08% from the company’s current price.
A number of other firms have also recently commented on PG. 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, October 7th. Separately, analysts at Barclays 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 assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $83.56.
Shares of Procter & Gamble Co. (NYSE:PG) traded down 0.01% on Friday, hitting $79.41. The stock had a trading volume of 7,958,537 shares. Procter & Gamble Co. has a 1-year low of $65.83 and a 1-year high of $82.54. The stock has a 50-day moving average of $77.94 and a 200-day moving average of $78.87. The company has a market cap of $217.5 billion and a P/E ratio of 20.58. Procter & Gamble Co. also was the recipient of unusually large options trading on Tuesday. Stock investors bought 32,773 call options on the stock. This is an increase of 265% compared to the typical volume of 8,974 call options.
Procter & Gamble Co. (NYSE:PG) last released its earnings data 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 company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, October 18th will be paid a dividend of $0.60 per share. This represents a $2.41 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Wednesday, October 16th.
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.