Stock Traders Purchase Large Volume of Put Options on Procter & Gamble Co. (PG)
Shares of Procter & Gamble Co. (NYSE:PG) was the recipient of unusually large options trading activity on Wednesday. Traders bought 15,919 put options on the stock, Analyst Ratings News reports. This is an increase of 148% compared to the typical volume of 6,416 put options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Procter & Gamble Co. in a research note to investors on Thursday, December 12th. They now have a $88.00 price target on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Procter & Gamble Co. in a research note to investors on Tuesday, November 26th. They set a “sector perform” rating and a $91.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $86.21.
Procter & Gamble Co. (NYSE:PG) traded down 1.45% on Wednesday, hitting $80.24. 13,462,711 shares of the company’s stock traded hands. Procter & Gamble Co. has a 52-week low of $68.61 and a 52-week high of $85.82. The stock has a 50-day moving average of $82.8 and a 200-day moving average of $80.40. The company has a market cap of $218.1 billion and a price-to-earnings ratio of 20.69.
Procter & Gamble Co. (NYSE:PG) last posted its quarterly earnings results on Friday, October 25th. The company reported $1.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.06 by $0.01. The company had revenue of $21.21 billion for the quarter, compared to the consensus estimate of $21.09 billion. During the same quarter in the prior year, the company posted $1.06 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.
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