Considering all key technical indicators, a 96% Buy signal has occurred for The Procter & Gamble Company (NYSE:PG). The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the PG’s short-term trajectory should know that short terms indicators for the stock averaged 80% Buy with an average daily trading volume over the past 20 days at 6762885 shares. PG stock has overall a 1% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 8298392 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 100% Buy on the basis of long term indicators.
The share price is currently staying around the first support level of $104.47. Below this, the next support is placed in the zone of $103.87. Till the time, the PG stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 69.52 on daily chart, which may remain a cause for concern. If the price breaks below $103.87 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $105.36 mark may result into a pull-back move towards $105.65 level.
The Procter & Gamble Company (PG) is projected to climb by -6.06 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $115-month high price target. This represents a whopping 9.46 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $99, which represents a return potential of -5.77 percent when compared to the closing price of the stock of $105.06 on Friday, April 12. The lowest price target for the stock is $89 — slightly more than -15.29 percent from PG’s current share price.
Here’s a rundown of insider trading activity for sense of The Procter & Gamble Company (NYSE:PG). The earliest insider trade took place on 02/28/2019. Keith R. Alexandra parted with a total of 3.03 thousand shares of company at average share price of $98.57. The total for the sales was set at $298.37 thousand. After this transaction, the President Global Hair & Beauty account balance stood at 66.94 thousand shares. The stock grew 6.58 percent since that insider sale. On 02/28/2019, Majoras Deborah P, Chief Legal Officer & Secy, sold 2.31 thousand shares at a price per share of $98.57. This removed 227.8 thousand shares from the insider’s fortune and the stock saw a 6.58 percent rally in value since the news became public. This transaction left 53.26 thousand shares in the Chief Legal Officer & Secy account. On 02/28/2019, Vice Chairman and CFO Moeller Jon R performed a sale transaction worth $317.79 thousand. This sale at $98.57 each has eliminated 3.22 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded 6.58 percent increase since the transaction was reported. The insider now is left with 175.49 thousand shares remaining in the account. Schomburger Jeffrey K, who performs the Global Sales Officer, CBD job, sold 4.86 thousand shares for $478.95 thousand. The disposal occurred on 02/28/2019 was priced at $98.57 per share. The share price soared 6.58 percent since the reporting date. Schomburger Jeffrey K now left with a stake of 31.27 thousand PG stock worth $3.29 million after the insider selling.
PG shares accumulated 0.31 points or 0.3 percent on Friday to $105.06 with a light trade volume of 6.703 million shares. After opening the session at $104.75, the shares went as high as $105.06 and as low as $104.17, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $263 billion and now has 2.5 billion shares outstanding. The Procter & Gamble Company (PG) stock has gained 3.69 percent of market value in 21 trading days.
Analysts at Wells Fargo upped their rating on shares of The Procter & Gamble Company (NYSE:PG) from Market Perform to Outperform in their opinion released on April 08. Analysts at Berenberg issued an upgrade from Sell to Hold for the stock, in a research note that dated back to January 24.
PG stock has a trailing 3-year beta of 0.37, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $4.11 a share in the trailing twelve months. The stock’s value has surged 14.3 percent year to date (YTD) against a rise of 35.06 percent in 12 month’s time. The company’s shares still trade -0.08 percent away from its 1-year high of $105.14 and 48.54 percent up from 52-week low of $70.73. The average consensus rating on the company is 2.5, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of The Procter & Gamble Company (PG) are trading at a P/E ratio of 25.06 times earnings reported for the past 12 months. The industry PG operates in has an average P/E of 54.1. Its P/E ratio went as low as 21.25X and as high as 27.58 over the 5-year span. Further, it is sporting a 3.92 on the Price-to-Sales ratio. Compare this with the industry average P/S of 5.51. 49.2 percent is the gross profit margin for The Procter & Gamble Company and operating margin sits at 20 percent. Along with this, the net profit margin is 15.7 percent.
PG will be declaring its Q3 financial results on April 23. Analysts are forecasting revenue to climb 0.3 percent to $16.3B in the next fiscal quarter, while earnings are seen soaring by nearly 3 percent to $1.03 per share. History has shown that shares in The Procter & Gamble Company have gone up on 20 different earnings reaction days. In last reported earnings results, it earned $1.25 per share, better than the $1.21, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $17.4B, better than the $17.1B analysts expected. Earnings are estimated to increase by 5.6 percent this year, 7 percent next year and continue to increase by 6.17 percent annually for the next 5 years.
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