Procter & Gamble (NYSE:PG) Price Target Raised to $170.00

Procter & Gamble (NYSE:PG) had its price objective boosted by equities researchers at BMO Capital Markets from $169.00 to $170.00 in a report released on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 14.63% from the stock’s previous close.

A number of other equities research analysts have also commented on PG. BNP Paribas Exane lowered their price target on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Evercore set a $162.00 target price on shares of Procter & Gamble in a research note on Monday, April 27th. Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a report on Friday. TD Cowen increased their price target on Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a research report on Monday, April 27th. Finally, The Goldman Sachs Group dropped their price target on Procter & Gamble from $159.00 to $155.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $161.47.

Procter & Gamble Stock Down 0.5%

Shares of PG traded down $0.72 on Monday, reaching $148.30. The company’s stock had a trading volume of 433,217 shares, compared to its average volume of 10,209,059. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. Procter & Gamble has a twelve month low of $137.62 and a twelve month high of $167.25. The stock has a market capitalization of $345.32 billion, a PE ratio of 21.60, a PEG ratio of 6.48 and a beta of 0.39. The firm has a fifty day moving average of $145.94 and a 200-day moving average of $148.01.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $21.23 billion during the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts predict that Procter & Gamble will post 6.91 EPS for the current year.

Hedge Funds Weigh In On Procter & Gamble

Several hedge funds have recently bought and sold shares of PG. Gradient Investments LLC raised its position in Procter & Gamble by 12.8% in the 4th quarter. Gradient Investments LLC now owns 253,089 shares of the company’s stock worth $36,270,000 after purchasing an additional 28,777 shares during the period. Cibc World Market Inc. grew its stake in shares of Procter & Gamble by 40.6% during the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock valued at $73,351,000 after buying an additional 147,701 shares during the last quarter. World Investment Advisors increased its holdings in shares of Procter & Gamble by 15.9% in the fourth quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after buying an additional 14,492 shares during the period. Bell Asset Management Ltd bought a new stake in shares of Procter & Gamble in the 3rd quarter valued at about $5,054,000. Finally, Truepoint Inc. grew its position in shares of Procter & Gamble by 12.3% in the 3rd quarter. Truepoint Inc. now owns 129,017 shares of the company’s stock worth $19,823,000 after buying an additional 14,116 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.