[at Seeking Alpha] – In the recent annual meeting of Procter & Gamble ‘s ( PG ) shareholders, it established consumer and shareholder value creation as its top most priority. The company is already one of the most shareholder …
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The Procter & Gamble Company (PG), with a current value of $218.50B, started trading this morning at $79.31.
Shares have traded today between $79.28 and $79.91 per share with a trailing 52-week range being $65.83 to $82.54.
PG shares are currently priced at 18.41x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.65x earnings multiple.
And for dividend hunters, the company pays shareholders $2.41 per share annually in dividends, yielding 3.00%.
Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $1.05 per share, which would be $0.01 worse than the year-ago quarter and a $0.07 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.29, which would be a $0.24 better when compared to the last year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $21.05 Billion. If realized, that would be a 1.49% increase over the year-ago quarter.
In terms of ratings, Standpoint Research downgraded PG from Hold to Sell (May 24, 2013).
Previously, UBS upgraded PG from Neutral to Buy.
The average price target for PG shares by the analysts covering the stock is $85.76, which is 8.13% above where the stock opened this morning.
The Procter & Gamble Company (NYSE:PG), together with its subsidiaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care and Baby Care and Family Care.
Tag Helper ~ Stock Code: PG | Common Company name: Procter & Gamble | Full Company name: The Procter & Gamble Company (NYSE:PG) .