Reassessing The Changing Outlook For Procter & Gamble Co. (PG)

Currently, there are 2.36B common shares owned by the public and among those 2.35B shares have been available to trade.

The company’s stock has a 5-day price change of 2.63% and 5.39% over the past three months. PG shares are trading 20.14% year to date (YTD), with the 12-month market performance up to 14.63% higher. It has a 12-month low price of $141.45 and touched a high of $177.04 over the same period. PG has an average intraday trading volume of 6.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.28%, 4.68%, and 9.75% respectively.

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Institutional ownership of Procter & Gamble Co. (NYSE: PG) shares accounts for 69.31% of the company’s 2.36B shares outstanding.

It has a market capitalization of $413.69B and a beta (3y monthly) value of 0.39. The stock’s trailing 12-month PE ratio is 29.25, while the earnings-per-share (ttm) stands at $6.02. The company has a PEG of 4.33 and a Quick Ratio of 0.53 with the debt-to-equity ratio at 0.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.40% over the week and 1.33% over the month.

Analysts forecast that Procter & Gamble Co. (PG) will achieve an EPS of 1.91 for the current quarter, 1.95 for the next quarter and 7.44 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.85 while analysts give the company a high EPS estimate of 1.85. Comparatively, EPS for the current quarter was 1.83 a year ago. Earnings per share for the fiscal year are expected to increase by 5.82%, and 6.53% over the next financial year. EPS should shrink at an annualized rate of 6.76% over the next five years, compared to 33.30% over the past 5-year period.

Looking at the support for the PG, a number of firms have released research notes about the stock. DZ Bank stated their Buy rating for the stock in a research note on August 29, 2024, with the firm’s price target at $190. Jefferies coverage for the Procter & Gamble Co. (PG) stock in a research note released on July 24, 2024 offered a Hold rating with a price target of $175. TD Cowen was of a view on July 23, 2024 that the stock is Buy, while Exane BNP Paribas gave the stock Outperform rating on June 24, 2024, issuing a price target of $187. Truist on their part issued Buy rating on March 11, 2024.

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