The shares of The Procter & Gamble Company (NYSE:PG) has been pegged with a rating of Outperform by Wells Fargo in its latest research note that was published on April 8th, 2019. The research company has also assigned a $115 price target. Wells Fargo wasnâ€™t the only research firm that published a report of The Procter & Gamble Company, with other equities research analysts also giving their opinion on the stock. Credit Suisse advised investors in its research note published on March 7th, 2019, to Neutral the PG stock. The stock had earned Hold rating from Berenberg when it published its report on January 24th, 2019. The stock was given Outperform rating by Evercore ISI in its report released on January 11th, 2019, the day when the price target on the stock was placed at $105. BofA/Merrill was of a view that PG is Buy in its latest report on December 13th, 2018. BofA/Merrill thinks that PG is worth Neutral rating. This was contained in the firmâ€™s report on November 6th, 2018 in which the stockâ€™s price target was also moved to $95.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 14 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $101.12. The price of the stock the last time has raised by 45.85% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 45.18.
The shares of the company dipped by -2.69% during the trading session on Tuesday, reaching a low of $102.13 while ending the day at $103.16. During the trading session, a total of 15.86 million shares were traded which represents a -81.91% decline from the average session volume which is 8.72M shares. PG had ended its last session trading at 106.01. The Procter & Gamble Company currently has a market cap of $257.87B, while its P/E ratio stands at 25.08, while its P/E earnings growth sits at 3.85, with a beta of 0.38. The Procter & Gamble Company debt-to-equity ratio currently stands at 0.63, while its quick ratio hovers at 0.60. PG 52-week low price stands at $70.73 while its 52-week high price is $107.20.
The company in its last quarterly report recorded $1.25 earnings per share which is above the $1.21 predicted by most analysts. The The Procter & Gamble Company generated $17,438.00 million in revenue during the last quarter, which is slightly higher than the $17,147.20 million predicted by analysts. In the second quarter last year, the firm recorded $1.12 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was up by 10.4%. The Procter & Gamble Company has the potential to record 4.11 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Argus published a research note on February 26th, 2019 where it informed investors and clients that PG&E Corporation (NYSE:PCG) is now rated as Hold. Credit Suisse also rated PCG as Initiated on March 7th, 2019, with its price target of $38 suggesting that PCG could surge by 2.31% from its current share price. Even though the stock has been trading at $21.40/share, analysts expect it to surge higher by 0.61% to reach $22.04/share. It started the day trading at $21.78 and traded between $21.30 and $21.53 throughout the trading session.
A look at its technical shows that PCGâ€™s 50-day SMA is 18.78 while its 200-day SMA stands at 31.21. At the moment, only of PG&E Corporation shares were sold short. The companyâ€™s average trading volume currently stands at 12.88M shares, which means that the short-interest ratio is just 1.61 days. Over the past seven days, the company moved, with its shift of -9.23%. Looking further, the stock has raised 179.61% over the past 90 days while it lost -55.37% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more PCG shares, increasing its portfolio by +25.86% during the last quarter. This move now sees The Vanguard Group Inc purchasing 9,591,220 shares in the last quarter, thus it now holds 46,685,227 shares of PCG, with a total valuation of $830,997,041. BlackRock Fund Advisors meanwhile bought more PCG shares in the recently filed quarter, changing its stake to $474,062,309 worth of shares. SSgA Funds Management Inc followed the path by increasing its PCG portfolio by +4.42% in the quarter. This means that SSgA Funds Management Inc bought 1,087,332 shares in the last quarter and now controls 25,710,449 shares of the PCG stock, with the valuation hitting $457,645,992.
Similarly, T Rowe Price Associates Inc increased its PG&E Corporation shares by +13.88% during the recently filed quarter. After buying 2,957,494 shares in the last quarter, the firm now controls 24,263,197 shares of PG&E Corporation which are valued at $431,884,907. In the same vein, Lazard Asset Management LLC increased its PG&E Corporation shares by during the most recent reported quarter. The firm bought 4,411,515 shares during the quarter which increased its stakes to 20,644,098 shares and is now valued at $367,464,944. Following these latest developments, around 0.21% of PG&E Corporation stocks are owned by institutional investors and hedge funds.