Procter & Gamble Co.’s (NYSE:PG) Forecasted Growth Is 76.65% Or More

In last trading session, Procter & Gamble Co. (NYSE:PG) saw 8.17 million shares changing hands with its beta currently measuring 0.41. Company’s recent per share price level of $171.28 trading at -$1.0 or -0.58% at ring of the bell on the day assigns it a market valuation of $402.46B. That closing price of PG’s stock is at a discount of -3.89% from its 52-week high price of $177.94 and is indicating a premium of 16.8% from its 52-week low price of $142.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.88 million shares which gives us an average trading volume of 7.04 million if we extend that period to 3-months.

For Procter & Gamble Co. (PG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.07. Splitting up the data highlights that, out of 18 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 13 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.9 in the current quarter.

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Procter & Gamble Co. (NYSE:PG) trade information

Upright in the red during last session for losing -0.58%, in the last five days PG remained trading in the green while hitting it’s week-highest on Tuesday, 10/15/24 when the stock touched $171.28 price level, adding 2.07% to its value on the day. Procter & Gamble Co.’s shares saw a change of 16.88% in year-to-date performance and have moved 0.11% in past 5-day. Procter & Gamble Co. (NYSE:PG) showed a performance of -0.15% in past 30-days. Number of shares sold short was 20.42 million shares which calculate 2.68 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 163 to the stock, which implies a fall of -5.08% to its current value. Analysts have been projecting 40 as a low price target for the stock while placing it at a high target of 192. It follows that stock’s current price would jump 76.65% in reaching the projected high whereas dropping to the targeted low would mean a gain of 76.65% for stock’s current value.

Procter & Gamble Co. (PG) estimates and forecasts

Statistics highlight that Procter & Gamble Co. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 8.31% of value to its shares in past 6 months, showing an annual growth rate of 5.77% while that of industry is 7.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 2.40% from the last financial year’s standing.

15 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 21.91B for the same. And 15 analysts are in estimates of company making revenue of 21.84B in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 33.30% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 5.46% while estimates for its earnings growth in next 5 years are of 6.73%.

PG Dividends

Procter & Gamble Co. is more likely to be releasing its next quarterly report on 2024-Oct-18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.86%, the share has a forward dividend of 4.90 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.41%.

Procter & Gamble Co. (NYSE:PG)’s Major holders

Insiders are in possession of 0.05% of company’s total shares while institution are holding 69.14 percent of that, with stock having share float percentage of 69.17%. Investors also watch the number of corporate investors in a company very closely, which is 69.14% institutions for Procter & Gamble Co. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PG for having 225.97 million shares of worth $37.27 billion. And as of 2024-06-30, it was holding 9.5729 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 159.13 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.7412 of outstanding shares, having a total worth of $26.24 billion.