Procter & Gamble Co. Rating Increased to Hold at Standpoint Research (PG)
Procter & Gamble Co. (NYSE:PG) was upgraded by investment analysts at Standpoint Research to a “hold” rating in a note issued to investors on Friday, ARN reports.
Shares of Procter & Gamble Co. (NYSE:PG) traded down 0.12% during mid-day trading on Friday, hitting $76.7799. The stock had a trading volume of 5,210,760 shares. Procter & Gamble Co. has a 1-year low of $73.61 and a 1-year high of $85.82. The stock’s 50-day moving average is $80.55 and its 200-day moving average is $80.49. The company has a market cap of $208.7 billion and a P/E ratio of 19.53.
Procter & Gamble Co. (NYSE:PG) last posted its quarterly earnings results on Friday, January 24th. The company reported $1.21 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.21. The company had revenue of $22.30 billion for the quarter, compared to the consensus estimate of $22.38 billion. During the same quarter last year, the company posted $1.22 earnings per share. Procter & Gamble Co.’s revenue was up .5% compared to the same quarter last year. On average, analysts predict that Procter & Gamble Co. will post $4.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of 0.6015 per share. This represents a $2.41 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, January 22nd.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale initiated coverage on shares of Procter & Gamble Co. in a research note to investors on Thursday. They set a “buy” rating on the stock. Separately, analysts at BTIG Research initiated coverage on shares of Procter & Gamble Co. in a research note to investors on Wednesday. They set a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Procter & Gamble Co. in a research note to investors on Monday. They now have a $83.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. Procter & Gamble Co. has an average rating of “Hold” and a consensus price target of $87.13.
The Procter & Gamble Company (NYSE:PG), is focused on providing consumer packaged goods.
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