Evercore ISI analyst Robert Ottenstein maintained a Buy rating on Procter & Gamble (PG – Research Report) on April 30 and set a price target of $163.00. The company’s shares closed last Friday at $133.42.
According to TipRanks.com, Ottenstein is a 3-star analyst with an average return of 3.7% and a 62.9% success rate. Ottenstein covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Duckhorn Portfolio, and Colgate-Palmolive.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Procter & Gamble with a $147.91 average price target, an 11.4% 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.
Procter & Gamble’s market cap is currently $326.6B and has a P/E ratio of 24.20. The company has a Price to Book ratio of -17.32.
Based on the recent corporate insider activity of 127 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.
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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.