Procter & Gamble (NYSE:PG) Price Target Raised to $180.00 at Raymond James

Procter & Gamble (NYSE:PGGet Rating) had its price objective hoisted by analysts at Raymond James from $175.00 to $180.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 11.63% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Procter & Gamble from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Thursday, January 20th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Procter & Gamble from $179.00 to $173.00 and set a “buy” rating on the stock in a research note on Wednesday, March 16th. Morgan Stanley upped their price target on shares of Procter & Gamble from $161.00 to $177.00 and gave the stock an “overweight” rating in a research note on Thursday, January 20th. Barclays dropped their price target on shares of Procter & Gamble from $178.00 to $167.00 and set an “overweight” rating on the stock in a research note on Friday, April 1st. Finally, Credit Suisse Group upped their price target on shares of Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $164.50.

Shares of Procter & Gamble stock opened at $161.25 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.50 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $154.71 and its two-hundred day simple moving average is $153.47. The company has a market cap of $390.22 billion, a P/E ratio of 28.49, a PEG ratio of 4.26 and a beta of 0.46. Procter & Gamble has a 12-month low of $130.29 and a 12-month high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last announced its earnings results on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.04. Procter & Gamble had a net margin of 18.52% and a return on equity of 31.99%. The firm had revenue of $19.38 billion for the quarter, compared to analysts’ expectations of $18.69 billion. During the same quarter in the previous year, the business posted $1.26 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts predict that Procter & Gamble will post 5.87 EPS for the current fiscal year.

In related news, CEO Ma. Fatima Francisco sold 18,000 shares of the stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $164.10, for a total value of $2,953,800.00. Following the completion of the sale, the chief executive officer now directly owns 7,020 shares of the company’s stock, valued at approximately $1,151,982. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 281,271 shares of the stock in a transaction that occurred on Friday, January 28th. The stock was sold at an average price of $160.58, for a total transaction of $45,166,497.18. The disclosure for this sale can be found here. Insiders have sold a total of 493,622 shares of company stock valued at $79,418,240 in the last ninety days. Insiders own 0.51% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Procter & Gamble in the 4th quarter worth approximately $3,726,603,000. GQG Partners LLC bought a new position in Procter & Gamble in the 4th quarter worth approximately $1,231,791,000. UBS Asset Management Americas Inc. boosted its stake in Procter & Gamble by 33.7% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 13,748,859 shares of the company’s stock worth $1,922,090,000 after purchasing an additional 3,467,039 shares during the period. BlackRock Inc. boosted its stake in Procter & Gamble by 1.2% in the 4th quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock worth $25,651,517,000 after purchasing an additional 1,785,863 shares during the period. Finally, State Street Corp boosted its stake in Procter & Gamble by 1.7% in the 4th quarter. State Street Corp now owns 105,458,164 shares of the company’s stock worth $17,250,846,000 after purchasing an additional 1,716,517 shares during the period. 63.05% of the stock is owned by institutional investors.

Procter & Gamble Company Profile (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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