The Procter & Gamble Company (PG) Price Target: Is It Set To Rise Or Fall In Price?

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The Procter & Gamble Company (NYSE:PG) finished Thursday with an addition of $0.63 to close at $152.59, an upside of 0.41 percent. An average of 4,305,860 shares of common stock have been traded in the last five days. There was a gain of $0.75 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 6,386,990 shares traded, while the 50-day average volume stands at 6,570,652.

PG stock has increased by 4.89% in the last month. The company shares reached their 1-month lowest point of $145.13 on 11/30/22. With the stock rallying to its 52-week high on 01/21/22, shares of the company touched a low of $122.18 and a high of $165.35 in 52 weeks. It has reached a new high 4 times so far this year and lost -6.72% or -$10.99 in price. In spite of this, the price is down -7.72% from the 52-week high.


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Insider Transactions

PG stock investors should be aware that The Procter & Gamble Company (PG) stock had its last reported insider trading activity 39 days ago on Nov 21. In this transaction, the insider spent $1,438,690. CEO-Fabric & Home Care, Raman Sundar G., disposed of 14,922 shares at a price of $139.60 on Nov 10. The insider now owns more than $2,083,130 worth of shares. Prior to that, CEO – Beauty Keith R. Alexandra went on to Sale 33,968 shares at $137.44 each on Nov 08. An amount of $4,668,562 was transacted.

Valuation Metrics

The Procter & Gamble Company (PG) has a trailing price-to-earnings (P/E) ratio of 26.45. The stock’s beta is 0.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.48, the price-to-book (PB) ratio at 8.42, and the price-to-cash flow ratio at 77.81.

The company has a payout ratio of 59.90%. The company’s most recent quarterly dividend payment was $0.9133 a share, representing a up of 0.03% from $0.9130 last year. Its latest increase dividend $0.0003 reported on Tuesday October 11 2022.

Financial Health

The quick ratio of The Procter & Gamble Company for the three months ended September 29 was 0.40, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.49 and a total debt to equity ratio of 0.76 for the quarter ending September 29. Its gross profit as reported stood at $38.03 billion compared to revenue of $80.19 billion.

Earnings Surprise

For the three-month period that ended September 29, The Procter & Gamble Company had $21.29 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.94 billion in the quarter, while revenues were shrunk -4.39%. The analyst consensus anticipated The Procter & Gamble Company’s latest quarter earnings to come in at $1.54 per share, but it turned out to be $1.57, a 1.90% surprise. For the quarter, EBITDA amounted to $5.6 billion. Shareholders own equity worth $2.37 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The Procter & Gamble Company (PG) price momentum. RSI 9-day as of the close on 29 December was 61.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 11.92%.

As of today, PG’s price is $152.66 +0.49% or $0.75 from its 5-day moving average. PG is currently trading +2.30% higher than its 20-day SMA and +5.04% higher than its 100-day SMA. However, the stock’s current price level is +18.87% above the SMA50 and +1.54% above the SMA200.

The stochastic %K and %D were 68.90% and 72.49%, respectively, and the average true range (ATR) was 1.99. With the 14-day stochastic at 63.41% and the average true range at 2.08, the RSI (14) stands at 64.06%. The stock has reached 1.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.97.

Analyst Ratings

Wolfe Research launched coverage on The Procter & Gamble Company (NYSE: PG) in its analyst report released on November 22, 2022. The firm assigned the stock an Outperform rating. The consensus rating for The Procter & Gamble Company (PG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PG, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 11 others rate it as a “buy”.

What is PG’s price target for the next 12 months?

Analysts predict a range of price targets between $122.00 and $170.00, with a median target of $150.00. Taking a look at these predictions, the average price target given by analysts for The Procter & Gamble Company (PG) stock is $151.04.

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