In a report released yesterday, Christopher Carey from Wells Fargo maintained a Buy rating on Procter & Gamble (PG – Research Report), with a price target of $174.00. The company’s shares closed yesterday at $157.24.
According to TipRanks, Carey is a 4-star analyst with an average return of 5.2% and a 52.24% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as Clorox, Keurig Dr Pepper, and General Mills.
Procter & Gamble has an analyst consensus of Moderate Buy, with a price target consensus of $169.87, implying an 8.03% upside from current levels. In a report released on April 3, Deutsche Bank also maintained a Buy rating on the stock with a $172.00 price target.
Based on Procter & Gamble’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $21.44 billion and a net profit of $3.47 billion. In comparison, last year the company earned a revenue of $20.77 billion and had a net profit of $3.93 billion
Based on the recent corporate insider activity of 140 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PG in relation to earlier this year. Most recently, in February 2024, Gary Coombe, the CEO – Grooming of PG sold 22,000.00 shares for a total of $3,549,040.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Procter & Gamble (PG) Company Description:
Procter & Gamble Co. manufactures and sells branded consumer packaged goods across five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. Some of the popular brands owned by the company include Head & Shoulders, Pantene, Olay, Gillette, Oral-B, Vicks, Ariel, Tide, Pampers, Luvs and Bounty. The company was founded by William Procter and James Gamble in 1837 and is headquartered in Cincinnati, OH.
Read More on PG:
- Angela Braly Retires from Procter & Gamble Board
- Procter & Gamble’s Strategic Moves Impacting Stock Market
- Procter & Gamble raises quarterly dividend by 7% to $1.01 per share
- Procter & Gamble recalls 8.2M defective bags of Tide, Gain, Ace, Ariel Pods
- Procter & Gamble price target raised to $172 from $170 at Deutsche Bank
