Evercore ISI Believes Procter & Gamble (PG) Still Has Room to Grow

Evercore ISI analyst Robert Ottenstein maintained a Buy rating on Procter & Gamble (PGResearch Report) yesterday and set a price target of $175.00. The company’s shares closed last Friday at $158.24, close to its 52-week high of $165.35.

According to TipRanks.com, Ottenstein is a 1-star analyst with an average return of -0.2% and a 48.4% success rate. Ottenstein covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, The Estée Lauder Companies, and Anheuser-Busch Inbev Sa.

Procter & Gamble has an analyst consensus of Moderate Buy, with a price target consensus of $170.62.

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Procter & Gamble’s market cap is currently $379.3B and has a P/E ratio of 27.97.

Based on the recent corporate insider activity of 144 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PG in relation to earlier this year. Earlier this month, David S. Taylor, the EC of PG sold 30,095 shares for a total of $4,875,390.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Procter & Gamble Co. manufactures and sells branded consumer packaged goods across five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. Some of the popular brands owned by the company include Head & Shoulders, Pantene, Olay, Gillette, Oral-B, Vicks, Ariel, Tide, Pampers, Luvs and Bounty. The company was founded by William Procter and James Gamble in 1837 and is headquartered in Cincinnati, OH.

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