Royal Bank Of Canada Cuts Procter & Gamble (NYSE:PG) Price Target to $166.00

Key Points

• Royal Bank of Canada lowered Procter & Gamble’s price target from $167 to $166 while maintaining an “outperform” rating, implying approximately 11.68% upside from the reported price.
• Analyst sentiment remains generally positive, with 13 Buy ratings and 10 Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $161.70.
• Procter & Gamble reported quarterly EPS of $1.43, beating estimates by $0.02, while revenue rose 1.5% year over year to $21.20 billion but fell short of expectations.

Procter & Gamble (NYSE:PG - Get Free Report) had its target price dropped by analysts at Royal Bank Of Canada from $167.00 to $166.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective would indicate a potential upside of 11.68% from the company's current price.

Several other research firms have also commented on PG. Weiss Ratings reiterated a "hold (c)" rating on shares of Procter & Gamble in a research report on Monday, September 21st. Citigroup cut their price objective on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Evercore set a $166.00 target price on Procter & Gamble in a report on Tuesday. Argus downgraded Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, TD Cowen restated a "hold" rating and issued a $150.00 price objective on shares of Procter & Gamble in a research report on Wednesday, September 30th. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $161.70.

Procter & Gamble Stock Up 1.9%

PG stock opened at $148.64 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. The company's 50-day moving average price is $145.67 and its 200 day moving average price is $145.97. Procter & Gamble has a 52 week low of $137.62 and a 52 week high of $167.25. The company has a market cap of $345.25 billion, a P/E ratio of 22.35, a P/E/G ratio of 3.60 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. During the same period last year, the company posted $1.48 earnings per share. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, research analysts expect that Procter & Gamble will post 6.98 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Marc Pritchard sold 4,030 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the completion of the transaction, the insider directly owned 187,001 shares in the company, valued at approximately $26,888,873.79. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew Janzaruk sold 359 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $145.24, for a total value of $52,141.16. Following the transaction, the chief accounting officer owned 1,271 shares in the company, valued at $184,600.04. This trade represents a 22.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,627 shares of company stock valued at $953,417 over the last quarter. Company insiders own 0.23% of the company's stock.

Institutional Investors Weigh In On Procter & Gamble

A number of institutional investors have recently bought and sold shares of PG. BlackRock Inc. purchased a new position in shares of Procter & Gamble in the 2nd quarter valued at $27,862,105,000. Bank of America Corp DE acquired a new stake in Procter & Gamble in the 2nd quarter valued at $3,850,628,000. Bank of New York Mellon Corp acquired a new position in shares of Procter & Gamble during the second quarter worth about $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Procter & Gamble during the second quarter worth about $1,480,650,000. Finally, Cardano Risk Management B.V. boosted its position in shares of Procter & Gamble by 1,104.8% in the fourth quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company's stock worth $1,364,518,000 after buying an additional 8,731,126 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

About Procter & Gamble

The Procter & Gamble Company NYSE: PG is a consumer products company that develops, manufactures and markets branded products used in households and personal care routines. Its portfolio includes products in categories such as beauty, grooming, health care, fabric and home care, and family care.

Major brands associated with Procter & Gamble include Pampers, Tide, Gillette, Head & Shoulders, Pantene, Oral-B, Crest, Olay, Old Spice, Febreze, Mr. Clean, Swiffer and Bounty. The company sells its products through retailers, e-commerce platforms and other distribution channels.

Founded in Cincinnati, Ohio, in 1837 by William Procter and James Gamble, the company has grown into a global consumer goods business serving customers in markets around the world.

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