Procter & Gamble Co (NYSE:PG) traded at $179.31 at close of the session on Tuesday, November 26 and made an upward move of 1.08% on its previous day’s price.
Looking at the stock we see that its previous close was $177.39 and the beta (5Y monthly) reads 0.414 with the day’s price range being $177.53 – $179.46. The company has a trailing 12-month PE ratio of 30.93. In terms of its 52-week price range, PG has a high of $178.82 and a low of $142.50. The company’s stock has gained about 5.91% over that past 30 days.
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Procter & Gamble Co has a market cap of $422.28 billion and is expected to release its quarterly earnings report in December. With its Forward Dividend at 3.96 and a yield of 2.21%, the company’s investors could be anxious for the PG stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of 1.89, with the EPS growth for the year raised at 6.96 for current year and 6.96 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 21.78B, with a low of 21.4B and a high of 22.09B. The median projection represents growth squeezing down to 1.58% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 85.8B, or 2.10% up from figures reported last year.
On the other hand, looking at the outlook for the PG stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 18 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Procter & Gamble Co (PG) stock as a Hold, while 13 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the PG stock currently stands at 4.60, and the current price level is 6.33% off its SMA20 and 5.41% from its 50-day simple moving average. The RSI (14) is pointing at 73.97 while the volatility over the past week is 1.45% and jumps to 1.43% over the past one month. The beta value is 0.43, while the average true range (ATR) is currently pointing at 2.51. The average price target for the stock over the next 12 months is $165.5, with the estimates having a low of $40 and a high of $192. These price ends are 77.69% and -7.08% off the current price level respectively, although investors could be excited at the prospect of a 7.7% if the PG share price touches on the median price of $165.5.
Coming back to Procter & Gamble Co (NYSE:PG), we note that the average 3-month trading volume was 7.11 million, while that of the preceding 10-day period stands at 8.5 million. Current shares outstanding are 2.36 billion.
The insiders hold 0.06% of the company’s shares while institutions hold 68.73%. The data shows that short shares as of 2024-10-31, stood at 18.72 million at a short ratio of 2.94. This represents a 80.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 20.42 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 22.36% up in year-to-date price movement.