Procter & Gamble Co (PG) was Initiated by Jefferies to “Buy” and the brokerage firm has set the Price Target at $95. Jefferies advised their investors in a research report released on Jun 15, 2016.
Many Wall Street Analysts have commented on Procter & Gamble Co. Jefferies Initiated Procter & Gamble Co on Jun 15, 2016 to “Buy”, Price Target of the shares are set at $95.Shares were Reiterated by UBS on Apr 27, 2016 to “Neutral” and Lowered the Price Target to $ 85 from a previous price target of $88 .Shares were Reiterated by B. Riley & Co. on Mar 30, 2016 to “Neutral” and Lowered the Price Target to $ 74 from a previous price target of $81 .
On the company’s financial health, Procter & Gamble Co reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.82. The company had revenue of $15755.00 million for the quarter, compared to analysts expectations of $15809.32 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.92 EPS.
Procter & Gamble Co opened for trading at $82.55 and hit $83.37 on the upside on Tuesday, eventually ending the session at $83.35, with a gain of 0.94% or 0.78 points. The heightened volatility saw the trading volume jump to 68,68,619 shares. Company has a market cap of $221,865 M.
In a different news, on Jun 3, 2016, Gary A Coombe (President-Europe SMO) sold 1,529 shares at $82.36 per share price. According to the SEC, on May 31, 2016, Carolyn M Tastad (Group President – NA SMO) sold 1,881 shares at $81.40 per share price. On May 19, 2016, Patrice Louvet (Group President, Global Beauty) sold 8,385 shares at $79.60 per share price, according to the Form-4 filing with the securities and exchange commission.
The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming which includes blades razors and electronic hair removal devices such as electric razors and epilators; Health Care which includes oral care and personal health care products.; Fabric Care and Home Care which consists of a range of fabric care products home care products and batteries and Baby Feminine and Family Care which offers diapers pants baby wipe Bounty paper towel and Charmin toilet paper brands. The Company’s products are sold in over 180 countries and territories. P&G’s customers include mass merchandisers grocery stores membership club stores drug stores department stores salons distributors e-commerce and stores.