Stifel Nicolaus Lowers Procter & Gamble (PG) Price Target to $83.00

Procter & Gamble (NYSE:PG) had its target price lowered by stock analysts at Stifel Nicolaus from $85.00 to $83.00 in a note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 11.16% from the company’s previous close.

PG has been the topic of a number of other research reports. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Monday, January 8th. Morgan Stanley dropped their price target on Procter & Gamble from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 5th. Goldman Sachs upgraded 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. Deutsche Bank started coverage on Procter & Gamble in a research note on Tuesday, December 19th. They issued a “buy” rating and a $91.88 target price on the stock. Finally, Barclays set a $84.00 target price on Procter & Gamble and gave the company a “hold” rating in a research note on Thursday, March 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $84.25.

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NYSE:PG traded down $0.28 during mid-day trading on Wednesday, reaching $74.67. 3,350,599 shares of the stock were exchanged, compared to its average volume of 9,905,932. The company has a market capitalization of $197,142.50, a PE ratio of 19.05, a P/E/G ratio of 2.48 and a beta of 0.57. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. Procter & Gamble has a 1 year low of $74.01 and a 1 year high of $94.67.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. The firm had revenue of $16.28 billion for the quarter, compared to the consensus estimate of $16.22 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. sell-side analysts anticipate that Procter & Gamble will post 4.19 EPS for the current fiscal year.

In other news, insider Marylynn Fergusonmchugh sold 2,353 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $78.59, for a total value of $184,922.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 46,842 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total value of $4,169,406.42. The disclosure for this sale can be found here. Insiders sold a total of 114,011 shares of company stock valued at $9,710,976 over the last three months. Insiders own 0.35% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of PG. ACR Alpine Capital Research LLC raised its holdings in Procter & Gamble by 0.8% during the second quarter. ACR Alpine Capital Research LLC now owns 3,001 shares of the company’s stock worth $262,000 after purchasing an additional 25 shares during the last quarter. JT Stratford LLC raised its holdings in Procter & Gamble by 0.6% during the second quarter. JT Stratford LLC now owns 4,060 shares of the company’s stock worth $354,000 after purchasing an additional 25 shares during the last quarter. American Asset Management Inc. raised its holdings in Procter & Gamble by 1.2% during the second quarter. American Asset Management Inc. now owns 4,036 shares of the company’s stock worth $352,000 after purchasing an additional 49 shares during the last quarter. Ken Stern & Associates Inc. raised its holdings in Procter & Gamble by 0.8% during the second quarter. Ken Stern & Associates Inc. now owns 6,189 shares of the company’s stock worth $540,000 after purchasing an additional 50 shares during the last quarter. Finally, Krilogy Financial LLC raised its holdings in Procter & Gamble by 0.7% during the second quarter. Krilogy Financial LLC now owns 6,938 shares of the company’s stock worth $605,000 after purchasing an additional 50 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

Analyst Recommendations for Procter & Gamble (NYSE:PG)

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