Stocks of Procter & Gamble Co. (NYSE:PG) traded higher last session on Wall Street, down -0.09% to $173.04.
PG stock price is now 1.30% away from the 50-day moving average and 6.56% away from the 200-day moving average. The market capitalization of the company currently stands at $406.59B.
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With the price target maintained at $163, Barclays recently Downgraded its rating from Overweight to Equal Weight for Procter & Gamble Co. (NYSE: PG). On September 24, 2024, Piper Sandler recently initiated its ‘Neutral’ rating on the stock quoting a target price of $174, while ‘DZ Bank’ rates the stock as ‘Buy’
In other news, Moeller Jon R, Officer bought 8,732 shares of the company’s stock on Oct 02 ’24. The stock was bought for $1,515,133 at an average price of $173.51. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02 ’24, Officer Davis Jennifer L. bought 5,268 shares of the business’s stock. A total of $914,077 was incurred on buying the stock at an average price of $173.52. A total of 0.06% of the company’s stock is owned by insiders.
During the past 12 months, Procter & Gamble Co. has had a low of $141.45 and a high of $177.94. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 0.73, and a quick ratio of 0.53. According to the stock market information, the enterprise value for the company is $432657989632, which is based on a 28.75 price-to-earnings ratio, a 4.25 price-to-earnings-growth ratio, and a beta of 0.41. The fifty day moving average price for PG is $170.9098 and a two-hundred day moving average price translates $162.51476 for the stock.
The latest earnings results from Procter & Gamble Co. (NYSE: PG) was released for 2024-06-30. The net profit margin was 17.37% and return on equity was 30.66% for PG. The company reported revenue of $20.53 billion for the quarter, compared to $20.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.1 percent.
