Erste Group Sticks to Its Hold Rating for Procter & Gamble (PG)

Erste Group analyst Stephan Lingnau maintained a Hold rating on Procter & Gamble yesterday. The company’s shares closed yesterday at $143.12.

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According to TipRanks, Lingnau is a 3-star analyst with an average return of 6.9% and a 66.67% success rate. Lingnau covers the Consumer Cyclical sector, focusing on stocks such as Toyota Motor, Amazon, and General Motors.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Procter & Gamble with a $165.18 average price target, which is a 15.41% upside from current levels. In a report released on March 31, TD Cowen also maintained a Hold rating on the stock with a $142.00 price target.

Based on Procter & Gamble’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $22.21 billion and a net profit of $4.33 billion. In comparison, last year the company earned a revenue of $21.88 billion and had a net profit of $4.63 billion

Based on the recent corporate insider activity of 116 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. Last month, Francisco Ma. Fatima , the CEO – Baby, Fem & Family Care of PG sold 5,549.00 shares for a total of $917,199.41.