Stock Update: The Procter & Gamble Company (NYSE:PG) – Procter & Gamble Expands Partnership with the American Red Cross Through the Disaster Responder Program

The Procter & Gamble Company (NYSE:PG)

[Business Wire] – Procter & Gamble is expanding its partnership with The American Red Cross by joining the Disaster Responder Program to support Red Cross disaster response work nation
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The Procter & Gamble Company (PG), valued at $227.42B, opened at $82.53.

A quick look at the market, the company’s traded between $81.87 to $82.56 and has traded between $65.83 and $82.62 over the past 12 months.

Procter & Gamble (PG) shares are currently priced at 19.27x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.99x earnings multiple for the same period.

And for passive income investors, the company pays shareholders $2.41 per share annually in dividends, yielding 3.00%.

Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $1.21 per share, which would be $0.01 worse than the year-ago quarter and a $0.04 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.28, which would be a $0.23 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 $22.37 Billion. If realized, that would be a 0.86% 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.

When considering if the stock is under or overvalued, the average price target is $86.59, which is 4.92% 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) .

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