Procter & Gamble (NYSE:PG) Given “Neutral” Rating at Royal Bank of Canada

Procter & Gamble (NYSE:PG)‘s stock had its “neutral” rating reissued by analysts at Royal Bank of Canada in a note issued to investors on Tuesday, Borsen Zeitung reports. They presently have a $89.00 price target on the stock. Royal Bank of Canada’s price objective would indicate a potential downside of 23.76% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. Deutsche Bank lifted their price target on shares of Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a research report on Monday, June 17th. Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Friday, July 5th. Wells Fargo & Co raised shares of Procter & Gamble from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $78.00 to $115.00 in a research report on Monday, April 8th. Credit Suisse Group set a $100.00 price objective on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Friday, May 10th. Finally, Barclays raised shares of Procter & Gamble from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $94.00 to $112.00 in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $108.15.

Shares of NYSE PG opened at $116.73 on Tuesday. The stock’s fifty day moving average price is $113.20. The company has a market capitalization of $295.16 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 3.53 and a beta of 0.45. Procter & Gamble has a twelve month low of $78.49 and a twelve month high of $121.76. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 0.39.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.04. The company had revenue of $17.09 billion for the quarter, compared to analysts’ expectations of $16.86 billion. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. As a group, analysts forecast that Procter & Gamble will post 4.78 EPS for the current fiscal year.

In other Procter & Gamble news, insider Steven D. Bishop sold 30,000 shares of Procter & Gamble stock in a transaction on Monday, May 6th. The shares were sold at an average price of $105.38, for a total value of $3,161,400.00. Following the sale, the insider now directly owns 75,031 shares in the company, valued at approximately $7,906,766.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carolyn M. Tastad sold 25,645 shares of Procter & Gamble stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $106.08, for a total transaction of $2,720,421.60. The disclosure for this sale can be found here. Insiders sold a total of 247,335 shares of company stock worth $26,476,375 over the last quarter. Company insiders own 1.84% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Camarda Financial Advisors LLC increased its stake in Procter & Gamble by 59.2% in the 2nd quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. SeaBridge Investment Advisors LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $36,000. Smart Portfolios LLC increased its stake in shares of Procter & Gamble by 48.0% during the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock worth $41,000 after purchasing an additional 146 shares during the last quarter. Financial Management Professionals Inc. increased its stake in shares of Procter & Gamble by 71.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 463 shares of the company’s stock worth $51,000 after purchasing an additional 193 shares during the last quarter. Finally, Intercontinental Wealth Advisors LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $62,000. Hedge funds and other institutional investors own 62.17% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

Featured Story: How are Outstanding Shares Different from Authorized Shares?

Analyst Recommendations for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.