Procter & Gamble (PG) shares clocked seven straight sessions of gains, as the stock was up 1.7% at $147.60 on Wednesday.
The household products company gained 4% in the preceding six sessions. The stock has dropped over 12% so far this year, compared to a near 16% rise in the broader S&P 500 Index.
PG is up 1% over the past one month.
For Procter & Gamble, Jefferies thinks its scale and category breadth create a strong platform for innovation-led growth. “Restructuring tailwinds are meaningful, and top-line should lever nicely as it returns. A new CEO adds another catalyst”.
Looking at Seeking Alpha’s Quant Rating, PG has a Hold rating with a score of 3.2 out of 5. The company received A+ in the prospect of profitability, while it received D+ in growth.
Turning to the Wall Street community, 15 analysts gave PG a Buy and above rating. Nine analysts have given the stock a Hold recommendation, while none recommended Sell or lower.
Seeking Alpha analysts are also cautious and see the stock as a Hold.”Procter & Gamble is rated a buy, with its beaten-down share price and 3%+ dividend yield offering compelling value for long-term investors”, pointed out a recent Seeking Alpha analysis.
Exacerbated by the government shutdown and temporary suspension of federal food assistance in an already challenged economic environment, Procter & Gamble anticipates a significant drop in U.S. sales in the current quarter in categories in which the company competes.