Jefferies Initiates Coverage on Procter & Gamble Co(NYSE:PG). The shares have been rated Buy. The rating by Jefferies was issued on Jun 15, 2016.
In a different note, On Mar 30, 2016, B. Riley said it Maintains its rating on Procter & Gamble Co. In the research note, the firm Lowers the price-target to $81.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 21, 2016, Barclays said it Maintains its rating on Procter & Gamble Co. In the research note, the firm Raises the price-target to $79.00 per share. The shares have been rated ‘Equal-weight’ by the firm.
Procter & Gamble Co (PG) made into the market gainers list on Tuesdays trading session with the shares advancing 0.45% or 0.37 points. Due to strong positive momentum, the stock ended at $83.41, which is also near the day’s high of $83.78. The stock began the session at $83.09 and the volume stood at 65,94,737 shares. The 52-week high of the shares is $83.87 and the 52 week low is $65.02. The company has a current market capitalization of $222,025 M and it has 2,66,18,51,900 shares in outstanding.
Procter & Gamble Co(PG) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $15.76B. Analysts had an estimated revenue of $15.81B. Earnings per share were $0.86. Analysts had estimated an EPS of $0.81.
Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Gary A Coombe (President-Europe SMO) sold 1,529 shares at $82.36 per share price.Also, On May 31, 2016, Carolyn M Tastad (Group President – NA SMO) sold 1,881 shares at $81.40 per share price.On May 19, 2016, Patrice Louvet (Group President, Global Beauty) sold 8,385 shares at $79.60 per share price, according to the Form-4 filing with the securities and exchange commission.
The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming which includes blades razors and electronic hair removal devices such as electric razors and epilators; Health Care which includes oral care and personal health care products.; Fabric Care and Home Care which consists of a range of fabric care products home care products and batteries and Baby Feminine and Family Care which offers diapers pants baby wipe Bounty paper towel and Charmin toilet paper brands. The Company’s products are sold in over 180 countries and territories. P&G’s customers include mass merchandisers grocery stores membership club stores drug stores department stores salons distributors e-commerce and stores.