Procter & Gamble's (PG) "In-Line" Rating Reaffirmed at Evercore ISI

Procter & Gamble (NYSE:PG - Get Free Report)'s stock had its "in-line" rating restated by research analysts at Evercore ISI in a note issued to investors on Monday, MarketBeat reports. They presently have a $170.00 price objective on the stock, down from their prior price objective of $190.00. Evercore ISI's target price would indicate a potential upside of 10.53% from the company's current price.

Several other research analysts also recently issued reports on PG. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research note on Thursday, May 1st. Piper Sandler raised their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Bank of America decreased their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Erste Group Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average price target of $177.45.

Procter & Gamble Price Performance

NYSE:PG traded down $3.25 on Monday, hitting $153.80. The company had a trading volume of 11,488,584 shares, compared to its average volume of 8,286,926. Procter & Gamble has a 52 week low of $152.86 and a 52 week high of $180.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $360.59 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 4.47 and a beta of 0.40. The firm has a 50 day moving average of $161.77 and a two-hundred day moving average of $164.88.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble's revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.52 EPS. On average, research analysts anticipate that Procter & Gamble will post 6.91 earnings per share for the current year.

Insider Activity

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider directly owned 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Procter & Gamble

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nova Wealth Management Inc. purchased a new stake in Procter & Gamble in the 1st quarter valued at $26,000. Navigoe LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $31,000. Hoey Investments Inc. lifted its position in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares in the last quarter. Finally, Quarry LP purchased a new position in Procter & Gamble during the first quarter worth about $33,000. Institutional investors own 65.77% of the company's stock.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.