The Procter & Gamble Company Given Consensus Rating of “Hold” by Brokerages (NYSE:PG)
Shares of The Procter & Gamble Company (NYSE:PG) have been given an average rating of “Hold” by the thirteen brokerages that are presently covering the stock, AR Network reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $86.57.
In other The Procter & Gamble Company news, Insider Melanie Healey sold 14,846 shares of the stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $83.56, for a total transaction of $1,240,531.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
PG has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of The Procter & Gamble Company in a research note on Tuesday, August 5th. They now have a $83.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of The Procter & Gamble Company in a research note on Monday, August 4th. They now have a $94.00 price target on the stock, up previously from $92.00. Finally, analysts at Wells Fargo & Co. downgraded shares of The Procter & Gamble Company from an “outperform” rating to a “market perform” rating in a research note on Friday, July 11th.
Shares of The Procter & Gamble Company (NYSE:PG) opened at 83.54 on Tuesday. The Procter & Gamble Company has a one year low of $73.61 and a one year high of $85.82. The stock has a 50-day moving average of $80.83 and a 200-day moving average of $80.13. The company has a market cap of $226.2 billion and a price-to-earnings ratio of 20.84.
The Procter & Gamble Company (NYSE:PG) last announced its earnings results on Friday, August 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. The company had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.48 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that The Procter & Gamble Company will post $4.46 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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