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Goldman Sachs Initiates a Hold Rating on Procter & Gamble (PG)

Tipranks - Tipranks - Mon Jun 15, 4:28AM CDT

Procter & Gamble received a Hold rating and an $84.00 price target from Goldman Sachs analyst Bonnie Herzog on June 12. The company’s shares closed last Friday at $149.61.

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Herzog covers the Consumer Defensive sector, focusing on stocks such as Philip Morris, Constellation Brands, and Boston Beer. According to TipRanks, Herzog has an average return of 5.8% and a 58.06% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Procter & Gamble with a $160.05 average price target.

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Based on Procter & Gamble’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $21.24 billion and a net profit of $3.97 billion. In comparison, last year the company earned a revenue of $19.78 billion and had a net profit of $3.77 billion

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