Raymond James slashes price target on The Procter & Gamble Company [PG] – find out why.


The Procter & Gamble Company [NYSE: PG] closed the trading session at $162.55 on 04/25/22. The day’s price range saw the stock hit a low of $159.80, while the highest price level was $163.29. The company report on April 22, 2022 that Barclays Suspends Until Further Notice Further Sales of the iPath ® Series B Bloomberg Natural Gas Subindex Total Return SM ETNs (the “ETNs”).

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Barclays Bank PLC (“Barclays”) announced today that it has suspended, until further notice, any further sales of the iPath® Series B Bloomberg Natural Gas Subindex Total ReturnSM ETNs due March 5, 2037 (Ticker: GAZ; Exchange: NYSE Arca), effective as of the open of trading on Monday, April 25, 2022. As described below, this suspension may cause fluctuations in the trading value of such ETNs. Daily redemptions at the option of holders of the ETNs will not be affected by this suspension.

This suspension is being imposed because Barclays believes that it does not currently have sufficient capacity of registered ETNs issued under its shelf registration statement to support further sales. For information regarding Barclays’ prior cessation of issuance under its shelf registration statement, please refer to the announcement Impact of over-issuance under BBPLC US Shelf made by Barclays on March 28, 2022. Barclays expects to reopen sales of the ETNs when it can accommodate additional capacity for future issuances under a new shelf registration statement filed with the Securities and Exchange Commission. This suspension does not impact any other series of exchange-traded notes other than those described herein.

The stocks have a year to date performance of -0.63 percent and weekly performance of 3.50 percent. The stock has been moved at 15.42 percent over the last six months. The stock has performed 7.59 percent around the most recent 30 days and changed 0.77 percent over the most recent 3-months.

If compared to the average trading volume of 7.92M shares, PG reached to a volume of 6956869 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about The Procter & Gamble Company [PG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PG shares is $166.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PG stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for The Procter & Gamble Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 08, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $181 to $165. The new note on the price target was released on March 30, 2022, representing the official price target for The Procter & Gamble Company stock. Previously, the target price had yet another raise from $165 to $175, while Truist kept a Buy rating on PG stock.

The Average True Range (ATR) for The Procter & Gamble Company is set at 2.78, with the Price to Sales ratio for PG stock in the period of the last 12 months amounting to 4.97. The Price to Book ratio for the last quarter was 9.21, with the Price to Cash per share for the same quarter was set at 3.50. Price to Free Cash Flow for PG in the course of the last twelve months was 72.72 with Quick ratio for the last quarter at 0.50.

PG stock trade performance evaluation

The Procter & Gamble Company [PG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.50. With this latest performance, PG shares gained by 7.59% in over the last four-week period, additionally plugging by 15.42% over the last 6 months – not to mention a rise of 23.84% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PG stock in for the last two-week period is set at 62.57, with the RSI for the last a single of trading hit 64.91, and the three-weeks RSI is set at 59.85 for The Procter & Gamble Company [PG]. The present Moving Average for the last 50 days of trading for this stock 154.85, while it was recorded at 161.89 for the last single week of trading, and 149.99 for the last 200 days.

The Procter & Gamble Company [PG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Procter & Gamble Company [PG] shares currently have an operating margin of +24.43 and a Gross Margin at +51.43. The Procter & Gamble Company’s Net Margin is presently recorded at +18.79.

Return on Total Capital for PG is now 22.96, given the latest momentum, and Return on Invested Capital for the company is 20.32. Return on Equity for this stock inclined to 30.80, with Return on Assets sitting at 11.92. When it comes to the capital structure of this company, The Procter & Gamble Company [PG] has a Total Debt to Total Equity ratio set at 70.81. Additionally, PG Total Debt to Total Capital is recorded at 41.45, with Total Debt to Total Assets ending up at 27.52. Long-Term Debt to Equity for the company is recorded at 52.14, with the Long-Term Debt to Total Capital now at 29.96.

Reflecting on the efficiency of the workforce at the company, The Procter & Gamble Company [PG] managed to generate an average of $141,644 per employee. Receivables Turnover for the company is 17.10 with a Total Asset Turnover recorded at a value of 0.63.The Procter & Gamble Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.70.

Earnings per share (EPS) analysis for The Procter & Gamble Company [PG] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Procter & Gamble Company go to 6.08%.

The Procter & Gamble Company [PG]: Insider Ownership positions

There are presently around $250,030 million, or 66.00% of PG stock, in the hands of institutional investors. The top three institutional holders of PG stocks are: VANGUARD GROUP INC with ownership of 215,125,047, which is approximately 0.177% of the company’s market cap and around 0.11% of the total institutional ownership; BLACKROCK INC., holding 156,813,285 shares of the stock with an approximate value of $25.29 billion in PG stocks shares; and STATE STREET CORP, currently with $17.01 billion in PG stock with ownership of nearly 1.655% of the company’s market capitalization.

Positions in The Procter & Gamble Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,682 institutional holders increased their position in The Procter & Gamble Company [NYSE:PG] by around 54,536,316 shares. Additionally, 1,265 investors decreased positions by around 56,583,998 shares, while 363 investors held positions by with 1,439,455,545 shares. The mentioned changes placed institutional holdings at 1,550,575,859 shares, according to the latest SEC report filing. PG stock had 324 new institutional investments in for a total of 14,849,315 shares, while 90 institutional investors sold positions of 3,661,552 shares during the same period.