Procter & Gamble Co (PG) is Upgraded by Argus to Buy

Procter & Gamble Co (PG) was Upgraded by Argus to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Argus advised their investors in a research report released on Oct 12, 2016.

Many Wall Street Analysts have commented on Procter & Gamble Co. Company shares were Upgraded by B. Riley & Co. on Aug 15, 2016 to ” Buy”, Firm has raised the Price Target to $ 105 from a previous price target of $74 .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 .

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 closed down -0.52 points or -0.58% at $88.54 with 1,17,23,100 shares getting traded on Tuesday. Post opening the session at $88.83, the shares hit an intraday low of $88.2 and an intraday high of $89.12 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 28, 2016, Juan Fernando Posada (President – LA SMO) sold 3,501 shares at $89.50 per share price. According to the SEC, on Sep 8, 2016, Ciserani Giovanni (GrpPres-Global F&HC,Baby&Fem) sold 20,000 shares at $88.00 per share price. On Aug 23, 2016, Jeffrey K Schomburger (Global Sales Officer, CBD) sold 3,664 shares at $87.24 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.

Procter & Gamble Co

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