Procter & Gamble Co (PG) was Upgraded by B. Riley & Co. to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 105 from a previous price target of $74 . Earlier the firm had a rating of “Neutral ” on the company shares. B. Riley & Co. advised their investors in a research report released on Aug 15, 2016.
Many Wall Street Analysts have commented on Procter & Gamble Co. Company shares were Reiterated by Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 92 from a previous price target of $85 .Jefferies Initiated Procter & Gamble Co on Jun 15, 2016 to “Buy”, Price Target of the shares are set at $95.
On the company’s financial health, Procter & Gamble Co reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.74. The company had revenue of $16102.00 million for the quarter, compared to analysts expectations of $15831.63 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.
Procter & Gamble Co opened for trading at $86.92 and hit $87.45 on the upside on Friday, eventually ending the session at $87.04, with a gain of 0.36% or 0.31 points. The heightened volatility saw the trading volume jump to 80,63,375 shares. Company has a market cap of $232,288 M.
In a different news, on Aug 12, 2016, Ioannis Skoufalos (Global Product Supply Officer) sold 21,098 shares at $87.05 per share price. According to the SEC, on Aug 12, 2016, David S Taylor (President & CEO) sold 50,000 shares at $87.16 per share price. On Aug 12, 2016, Suranjan Magesvaran (President – Asia Pacific SMO) sold 6,000 shares at $86.95 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.