Analysts Set Procter & Gamble Company (The) (PG) PT at $89.08
Procter & Gamble Company (The) (NYSE:PG) has been given a consensus recommendation of “Hold” by the twenty analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $89.89.
A number of research analysts have recently commented on PG shares. Jefferies Group reaffirmed a “buy” rating and set a $104.00 target price (up previously from $103.00) on shares of Procter & Gamble in a research note on Wednesday, September 20th. Bank of America upped their target price on Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, October 23rd. Vetr raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 target price on the stock in a research note on Monday, October 23rd. Finally, Deutsche Bank started coverage on Procter & Gamble in a research note on Wednesday, December 13th. They set a “buy” rating and a $101.00 target price on the stock.
In related news, insider Carolyn M. Tastad sold 5,300 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the transaction, the insider now owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the transaction, the insider now directly owns 85,495 shares in the company, valued at approximately $7,438,065. The disclosure for this sale can be found here. In the last three months, insiders sold 21,575 shares of company stock worth $1,927,095. 0.35% of the stock is owned by insiders.
Shares of Procter & Gamble (NYSE PG) traded down $0.32 during midday trading on Monday, reaching $90.15. The company’s stock had a trading volume of 5,461,200 shares, compared to its average volume of 6,470,000. The company has a market capitalization of $228,710.00, a PE ratio of 24.10, a P/E/G ratio of 2.93 and a beta of 0.67. Procter & Gamble has a 52 week low of $83.28 and a 52 week high of $94.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37.
Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. equities analysts predict that Procter & Gamble will post 4.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be paid a $0.6896 dividend. The ex-dividend date is Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.06%. Procter & Gamble’s dividend payout ratio (DPR) is currently 73.80%.
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About Procter & Gamble
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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