Procter & Gamble continues gains for nine straight sessions

Procter & Gamble (NYSE:PG) continued gains for nine straight sessions as the stock closed 0.63% higher, at $177.40 on Monday.

The consumer goods company gained 5.82% in the last eight trading days. The stock has gained more than 21% so far this year, compared to an over 25% rise in the broader S&P 500 Index.

PG is up 6% over the past one month. The stock closed 2.04% higher, at $176.28 on Friday.

Citi Research analysts on Monday named Procter & Gamble (PG) as one of the stocks with positive expected returns that have both passive and active net buying tailwinds.

Citi analysts said that where both passive and active have been net buyers, the likelihood of outperformance of a stock compared to its industry group is almost 60%, and when both are selling, the likelihood of outperforming falls to almost 40%. Citi said it expects a total return of 15.8% from PG over the next 12 months.

Investor sentiment has been largely positive, after, Procter & Gamble (PG) last week, in its Investor Day presentation, set its long-term projections for organic sales growth ahead of the market, and core EPS growth of mid-to-high single digits.

The company expects FY25 adjusted EPS growth of 5% to 7%, equating to a range of $6.91 to $7.05 per share.

Despite the recent frenzy, Seeking Alpha’s Quant rating is cautious on the stock and has rated it a HOLD, with a score of 3.29 out of 5. SA authors echo the sentiment, also rating the stock a HOLD. The sell side analysts, are however optimistic, and have rated PG stock a BUY.

Seeking Alpha analyst Dividend Power believes in Procter & Gamble’s long-term growth prospects, due to various reasons, such as the company’s EPS growth, cost-saving measures, and market dominance.

“The company’s solid dividend history, strong balance sheet, and high credit rating underscore its financial stability and dividend safety,” the analyst added.