Procter & Gamble (PG) Upgraded to Overweight by JPMorgan with $165 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- Rating Upgrade: JPMorgan upgraded Procter & Gamble (PG) from Neutral to Overweight, with analysts believing the company is poised to accelerate organic sales growth and improve margin rates, potentially driving stock prices back to historical valuation levels.
- Market Share Recovery: Analysts noted that despite a slump in consumption, P&G is expected to regain market share due to its strong brand equity and marketing capabilities, particularly as category growth recovers in the U.S.
- Price Target Setting: JPMorgan assigned a price target of $165 for P&G, based on a blended P/E multiple of 23.1X and an EV/EBITDA multiple of 15.0X, reflecting confidence in the company's future performance.
- Stock Price Bounce: Shares of Procter & Gamble (PG) rose 1.2% in premarket trading after a 2.7% increase the previous day, indicating a positive market reaction to its latest earnings report and investor optimism about the company's outlook.
Analyst Views on PG
Wall Street analysts forecast PG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PG is 164.50 USD with a low forecast of 150.00 USD and a high forecast of 180.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
10 Buy
7 Hold
0 Sell
Moderate Buy
Current: 149.930
Low
150.00
Averages
164.50
High
180.00
Current: 149.930
Low
150.00
Averages
164.50
High
180.00
About PG
The Procter & Gamble Company is focused on providing branded consumer packaged goods to consumers across the world. The Company’s segments include Beauty, Grooming, Health Care, Fabric & Home Care and Baby, Feminine & Family Care. The Company’s products are sold in approximately 180 countries and territories primarily through mass merchandisers, e-commerce, including social commerce channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, including airport duty-free stores), high-frequency stores, pharmacies, electronics stores and professional channels. It also sells direct to individual consumers. It has operations in approximately 70 countries. It offers products under brands, such as Head & Shoulders, Herbal Essences, Pantene, Rejoice, Olay, Old Spice, Safeguard, Secret, SK-II, Braun, Gillette, Venus, Crest, Oral-B, Ariel, Downy, Gain, Tide, Always, Always Discreet, Tampax, Bounty and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
