In a report released today, Stephen Powers from Deutsche Bank maintained a Buy rating on Procter & Gamble (PG), with a price target of $158.00. The company’s shares closed last Wednesday at $136.86.
According to TipRanks.com, Powers is a 4-star analyst with an average return of 8.6% and a 69.6% success rate. Powers covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Mondelez International, and Constellation Brands.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Procter & Gamble with a $150.40 average price target, which is a 9.1% upside from current levels. In a report issued on April 16, J.P. Morgan also maintained a Buy rating on the stock with a $148.00 price target.
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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 $19.75 billion and net profit of $3.85 billion. In comparison, last year the company earned revenue of $18.24 billion and had a net profit of $3.72 billion.
Based on the recent corporate insider activity of 128 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 January 2021, Marc Pritchard, the Chief Brand Officer of PG sold 95,163 shares for a total of $12,433,046.
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 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.
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