Procter & Gamble (PG) Price Target Cut to $85.00

Procter & Gamble (NYSE:PG) had its target price cut by Morgan Stanley from $92.00 to $85.00 in a research report released on Thursday morning. They currently have an equal weight rating on the stock.

PG has been the topic of a number of other research reports. Jefferies Group restated a buy rating and set a $99.00 target price on shares of Procter & Gamble in a research note on Monday, December 18th. Wells Fargo restated a hold rating and set a $88.00 target price on shares of Procter & Gamble in a research note on Sunday, December 17th. Deutsche Bank started coverage on shares of Procter & Gamble in a research note on Tuesday, December 19th. They set a buy rating and a $91.88 target price on the stock. Zacks Investment Research upgraded shares of Procter & Gamble from a hold rating to a buy rating and set a $102.00 target price on the stock in a research note on Monday, January 8th. Finally, Goldman Sachs upgraded shares of Procter & Gamble from a sell rating to a neutral rating and set a $77.00 target price on the stock in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Procter & Gamble has an average rating of Hold and an average price target of $86.07.

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Shares of PG stock traded down $0.81 during mid-day trading on Thursday, reaching $77.99. 4,864,450 shares of the company’s stock traded hands, compared to its average volume of 10,153,470. Procter & Gamble has a 12 month low of $75.81 and a 12 month high of $94.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. The company has a market cap of $199,285.36, a price-to-earnings ratio of 19.98, a PEG ratio of 2.48 and a beta of 0.57.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The firm had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities research analysts expect that Procter & Gamble will post 4.18 EPS for the current year.

In other news, insider Marylynn Fergusonmchugh sold 2,353 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $184,922.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Deborah P. Majoras sold 4,591 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $87.48, for a total transaction of $401,620.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,011 shares of company stock worth $9,710,976. Corporate insiders own 0.35% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in Procter & Gamble by 1,094.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 736,699 shares of the company’s stock valued at $67,025,000 after purchasing an additional 675,013 shares during the last quarter. Edgestream Partners L.P. grew its holdings in Procter & Gamble by 21.9% during the 3rd quarter. Edgestream Partners L.P. now owns 7,543 shares of the company’s stock valued at $686,000 after purchasing an additional 1,356 shares during the last quarter. Asset Dedication LLC bought a new position in Procter & Gamble during the 4th quarter valued at about $1,164,000. Spectrum Management Group Inc. grew its holdings in Procter & Gamble by 221.4% during the 3rd quarter. Spectrum Management Group Inc. now owns 32,757 shares of the company’s stock valued at $2,980,000 after purchasing an additional 22,565 shares during the last quarter. Finally, Moller Financial Services grew its holdings in Procter & Gamble by 31.3% during the 4th quarter. Moller Financial Services now owns 11,887 shares of the company’s stock valued at $1,092,000 after purchasing an additional 2,837 shares during the last quarter. Hedge funds and other institutional investors own 60.98% of the company’s stock.

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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.

Analyst Recommendations for Procter & Gamble (NYSE:PG)

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