Procter & Gamble Company (PG) – Monthly Stock Report

Published on September 22, 2024

Company Overview

Procter & Gamble Company (PG), established in 1837 and based in Cincinnati, Ohio, stands as a powerhouse in the consumer packaged goods sector. Renowned for its extensive portfolio of household and personal care brands, Procter & Gamble offers products that range from Head & Shoulders and Gillette to Crest and Tide. With a commitment to quality and accessibility, these products can be found across various retail channels and e-commerce platforms. As a prominent player in the Household and Personal Products industry within the Consumer Defensive sector, Procter & Gamble showcases strong financial health, with total revenues reported at approximately $84.04 billion. Given the favorable market indicators and the company’s solid performance, analysts recommend a “buy” with a target high price of $192.00, projecting substantial growth potential for investors.

Stock Performance and Investment Outlook

Currently trading at $174.22, Procter & Gamble’s stock sits below its target mean price of $176.96, yet remains well-positioned below the projected high of $192.00. This situation highlights opportunities for future appreciation, especially considering the stock’s recent fifty-two week high of $177.94, suggesting there may be further upside pending favorable market conditions. The stock is also performing robustly above its fifty-two week low of $141.45, reflecting a resilient trajectory over the past year.

A detailed analysis indicates that Procter & Gamble maintains a total of 2,349,710,080 shares outstanding, with only 20,814,862 shares sold short—equating to approximately 0.89% of the float. This low short interest indicates a predominantly optimistic outlook among investors, demonstrating confidence in the company’s stability and potential for growth. Analysts have settled on a recommendation mean score of 2.1 within a consensus of 25 analyst opinions, which reinforces the bullish sentiment surrounding the stock. With target low and high prices set at $161.00 and $192.00 respectively, investors are advised to consider this opportunity for potential returns in a market characterized by robust consumer demand and solid organizational performance.

Conclusion

Procter & Gamble stands out as a strong investment opportunity in the consumer packaged goods arena, bolstered by proven market performance, strong revenue figures, and analyst support for future growth. As market dynamics evolve, both retail and e-commerce advancements will continue to shape the company’s landscape, making PG a stock to watch for enduring value and resilience.

Metric	Value
Market Cap	$409.4b
Total Debt	$33.7b
Total Cash	$9.5b
Shares Outstanding	2.3b
Float Shares	2.4b