Citi Sticks to Their Buy Rating for Procter & Gamble (PG)
In a report released on February 27, Filippo Falorni from Citi maintained a Buy rating on Procter & Gamble, with a price target of $181.00. The company’s shares closed last Friday at $167.20.
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According to TipRanks, Falorni is a 3-star analyst with an average return of 3.5% and a 64.38% success rate. Falorni covers the Consumer Defensive sector, focusing on stocks such as The Estée Lauder Companies, Newell Brands, and Clorox.
In addition to Citi, Procter & Gamble also received a Buy from TipRanks – xAI’s xAi Household and Personal Products in a report issued today. However, on the same day, TipRanks – Anthropic reiterated a Hold 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 118 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, Susan Street Whaley, the CLO & Secy of PG sold 1,809.00 shares for a total of $288,445.05.
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