Procter & Gamble (PG) Receives “Buy” Rating from Jefferies Group

Procter & Gamble (NYSE:PG)‘s stock had its “buy” rating reaffirmed by Jefferies Group in a note issued to investors on Thursday, November 16th. They currently have a $88.23 price objective on the stock, down from their previous price objective of $99.00. Jefferies Group’s price target suggests a potential downside of 3.48% from the company’s previous close.

A number of other analysts have also weighed in on PG. Sanford C. Bernstein reissued an “outperform” rating and issued a $100.00 price objective (up from $98.00) on shares of Procter & Gamble in a research report on Sunday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $80.00 price objective on shares of Procter & Gamble in a research report on Wednesday, September 6th. Vetr raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 price objective on the stock in a research report on Friday, September 15th. BidaskClub raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Morgan Stanley reduced their target price on shares of Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $87.81.

Procter & Gamble (NYSE PG) traded up $1.05 on Thursday, hitting $91.41. 9,003,692 shares of the company’s stock traded hands, compared to its average volume of 7,377,933. Procter & Gamble has a twelve month low of $82.48 and a twelve month high of $94.67. The company has a market cap of $231,900.00, a P/E ratio of 22.70, a PEG ratio of 2.91 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The business had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The business’s revenue was up .8% on a year-over-year basis. analysts forecast that Procter & Gamble will post 4.17 earnings per share for the current year.

In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 4,363 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the sale, the insider now directly owns 85,495 shares in the company, valued at $7,438,065. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider R. Alexandra Keith sold 1,298 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,575 shares of company stock worth $1,927,095. Insiders own 0.35% of the company’s stock.

Large investors have recently bought and sold shares of the company. Asset Planning Services Ltd. raised its holdings in shares of Procter & Gamble by 0.4% during the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the last quarter. Harding Loevner LP purchased a new position in shares of Procter & Gamble during the second quarter worth $119,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Procter & Gamble during the third quarter worth $125,000. Blume Capital Management Inc. raised its holdings in shares of Procter & Gamble by 25.4% during the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its holdings in shares of Procter & Gamble by 11.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 59.54% of the company’s stock.

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Procter & Gamble Company Profile

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.

Analyst Recommendations for Procter & Gamble (NYSE:PG)

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