Procter & Gamble (NYSE:PG) Price Target Cut to $166.00 by Analysts at Bank of America

Procter & Gamble (NYSE:PG) had its price target dropped by equities researchers at Bank of America from $170.00 to $166.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price target suggests a potential upside of 13.13% from the stock’s current price.

Several other brokerages have also weighed in on PG. Piper Sandler upped their price objective on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, April 24th. BMO Capital Markets boosted their target price on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Erste Group Bank downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Sanford C. Bernstein initiated coverage on Procter & Gamble in a report on Thursday, June 11th. They issued a “market perform” rating and a $156.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $163.00 price objective on shares of Procter & Gamble in a report on Monday, April 27th. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.42.

Procter & Gamble Trading Down 1.1%

NYSE PG opened at $146.74 on Friday. The stock has a market capitalization of $341.70 billion, a P/E ratio of 21.45, a P/E/G ratio of 6.31 and a beta of 0.39. The business has a 50 day simple moving average of $146.57 and a 200 day simple moving average of $148.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.73 and a quick ratio of 0.53. Procter & Gamble has a one year low of $137.62 and a one year high of $167.25.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The firm had revenue of $21.23 billion for the quarter, compared to analysts’ expectations of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts expect that Procter & Gamble will post 6.9 earnings per share for the current year.

Institutional Trading of Procter & Gamble

A number of hedge funds have recently bought and sold shares of PG. Carson Advisory Inc. increased its position in shares of Procter & Gamble by 0.5% during the 4th quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock valued at $1,738,000 after purchasing an additional 65 shares during the last quarter. Trilogy Capital Inc. grew its position in Procter & Gamble by 1.1% during the fourth quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock valued at $901,000 after buying an additional 67 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in Procter & Gamble by 1.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock worth $549,000 after buying an additional 67 shares during the last quarter. Lorne Steinberg Wealth Management Inc. raised its position in Procter & Gamble by 2.7% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock worth $376,000 after acquiring an additional 68 shares during the period. Finally, Grant Street Asset Management Inc. boosted its stake in Procter & Gamble by 2.7% in the fourth quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock valued at $376,000 after acquiring an additional 69 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

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.