The Procter & Gamble Company Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:PG)
The Procter & Gamble Company (NYSE:PG) has received an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company, AnalystRatingsNetwork.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating 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.
A number of analysts have recently weighed in on PG shares. 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.
In other The Procter & Gamble Company news, Insider Carolyn M. Tastad sold 16,052 shares of the company’s stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $82.90, for a total transaction of $1,330,710.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of The Procter & Gamble Company (NYSE:PG) opened at 83.11 on Tuesday. The Procter & Gamble Company has a one year low of $75.20 and a one year high of $85.82. The stock has a 50-day moving average of $81.07 and a 200-day moving average of $80.25. The company has a market cap of $225.0 billion and a price-to-earnings ratio of 20.72.
The Procter & Gamble Company (NYSE:PG) last released its earnings data on Friday, August 1st. The company reported $0.95 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.79 earnings per share. The Procter & Gamble Company’s revenue was down .7% compared to the same quarter last year. 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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