Wells Fargo Keeps Their Hold Rating on Procter & Gamble (PG)


Wells Fargo analyst Bonnie Herzog maintained a Hold rating on Procter & Gamble (PG) today and set a price target of $91. The company’s shares opened today at $99.10, close to its 52-week high of $100.22.

Herzog noted:

“We were especially impressed with the creative initiatives PG is taking to step-up innovation. Finally, mgmt remains focused on growing the top-line while simultaneously expanding margins, which PG has struggled with, and will likely continue to prove difficult as we believe it is more expensive to drive top-line growth in the current environment.”

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 4.4% and a 60.4% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, The Estée Lauder Companies Inc, and Constellation Brands Inc.

Currently, the analyst consensus on Procter & Gamble is a Moderate Buy with an average price target of $95.33.

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Based on Procter & Gamble’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $17.44 billion and net profit of $3.19 billion. In comparison, last year the company earned revenue of $17.4 billion and had a net profit of $2.5 billion.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Posada Juan Fernando, the President – LA SMO of PG sold 4,802 shares for a total of $478,543.

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.

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