Goldman Sachs Sticks to Their Hold Rating for Procter & Gamble (PG)

In a report released today, Bonnie Herzog from Goldman Sachs maintained a Hold rating on Procter & Gamble, with a price target of $155.00.

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Herzog covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, Primo Brands, and Monster Beverage. According to TipRanks, Herzog has an average return of 5.2% and a 55.75% success rate on recommended stocks.

In addition to Goldman Sachs, Procter & Gamble also received a Hold from Piper Sandler’s Michael Lavery in a report issued today. However, on the same day, Wells Fargo maintained a Buy rating on Procter & Gamble (NYSE: PG).

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.