Investment analysts at Atlantic Securities started coverage on shares of Procter & Gamble (NYSE:PG) in a report released on Thursday, September 20th, The Fly reports. The firm set an “overweight” rating and a $94.00 price target on the stock. Atlantic Securities’ target price points to a potential upside of 18.90% from the stock’s current price.

Several other research firms have also issued reports on PG. Wells Fargo & Co restated a “hold” rating and set a $78.00 target price on shares of Procter & Gamble in a research report on Thursday, August 16th. ValuEngine upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Deutsche Bank boosted their price objective on Procter & Gamble from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, August 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $88.00 price objective on shares of Procter & Gamble in a research report on Wednesday, August 1st. Finally, SunTrust Banks boosted their price objective on Procter & Gamble to $80.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $84.53.

NYSE:PG traded up $0.19 on Thursday, hitting $79.06. 9,863,043 shares of the stock were exchanged, compared to its average volume of 8,832,482. The stock has a market capitalization of $209.82 billion, a P/E ratio of 18.73, a P/E/G ratio of 2.68 and a beta of 0.59. Procter & Gamble has a 52 week low of $70.73 and a 52 week high of $93.51. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.04. The firm had revenue of $16.50 billion during the quarter, compared to analysts’ expectations of $16.52 billion. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. As a group, equities analysts predict that Procter & Gamble will post 4.42 EPS for the current year.

In other news, insider Kathleen B. Fish sold 599 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $83.48, for a total transaction of $50,004.52. Following the sale, the insider now owns 38,655 shares in the company, valued at approximately $3,226,919.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Valarie L. Sheppard sold 27,000 shares of the stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $80.66, for a total value of $2,177,820.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,186 shares of company stock worth $12,080,849. Company insiders own 1.84% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC raised its position in Procter & Gamble by 209.4% in the second quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock valued at $105,000 after purchasing an additional 913 shares during the last quarter. CSat Investment Advisory L.P. bought a new position in shares of Procter & Gamble during the second quarter worth about $113,000. Fort L.P. bought a new position in shares of Procter & Gamble during the second quarter worth about $124,000. Twin Tree Management LP bought a new position in shares of Procter & Gamble during the first quarter worth about $144,000. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Procter & Gamble during the second quarter worth about $149,000. Institutional investors and hedge funds own 58.36% 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.

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Analyst Recommendations for Procter & Gamble (NYSE:PG)

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