Consumer Staples

The following is a summary of the The Procter & Gamble Company (PG) Q2 2024 Earnings Call Transcript: Financial Performance: Procter & Gamble reported Q2 organic sales growth of 4% aided by strong strategy execution. Pricing contributed to the sales growth with broad growth across eight out of ten product categories. Core earnings per share were $1.84, a 16% increase year-over-year and 18% on a currency neutral basis. The company returned $3.3 billion of cash to share owners through dividends and share repurchase. Due to strong first-half earnings growth, the fiscal 2024 core earnings per share outlook has increased to a range of 8% to 9% growth. P&G plans to repurchase $5 billion to $6 billion in common stock and return $14 billion to $15 billion of cash to share owners in FY 2024. Business Progress: P&G remains confident in its strategic focus areas and will continue to invest in […]

Procter & Gamble (NYSE:PG) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/24/2024 14% Raymond James $170 → $175 Maintains Outperform 01/18/2024 5.53% JP Morgan $169 → $162 Maintains Overweight 01/16/2024 4.23% Barclays $164 → $160 Maintains Overweight 11/13/2023 15.3% Jefferies → $177 Initiates Coverage On → Buy 10/20/2023 0.97% DZ Bank → $155 Upgrades Sell → Hold 10/19/2023 5.53% Wells Fargo $160 → $162 Maintains Overweight 10/19/2023 0.97% Stifel $151 → $155 Maintains Hold 10/16/2023 -1.64% Stifel $161 → $151 Maintains Hold 10/12/2023 0.32% Barclays $166 → $154 Maintains Overweight 10/12/2023 10.09% JP Morgan $172 → $169 Maintains Overweight 10/12/2023 -0.33% Bernstein $162 → $153 Maintains Market Perform 09/22/2023 16.6% HSBC → $179 Initiates Coverage On → Buy 09/08/2023 — William Blair Initiates Coverage On → Market Perform 08/01/2023 13.35% Morgan Stanley $174 → $174 Reiterates Overweight → Overweight 08/01/2023 14%

Procter & Gamble (NYSE:PG) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 9.48% JP Morgan $169 → $162 Maintains Overweight 01/16/2024 8.13% Barclays $164 → $160 Maintains Overweight 11/13/2023 19.62% Jefferies → $177 Initiates Coverage On → Buy 10/20/2023 4.75% DZ Bank → $155 Upgrades Sell → Hold 10/19/2023 9.48% Wells Fargo $160 → $162 Maintains Overweight 10/19/2023 4.75% Stifel $151 → $155 Maintains Hold 10/16/2023 2.05% Stifel $161 → $151 Maintains Hold 10/12/2023 4.08% Barclays $166 → $154 Maintains Overweight 10/12/2023 14.21% JP Morgan $172 → $169 Maintains Overweight 10/12/2023 3.4% Bernstein $162 → $153 Maintains Market Perform 09/22/2023 20.97% HSBC → $179 Initiates Coverage On → Buy 09/08/2023 — William Blair Initiates Coverage On → Market Perform 08/01/2023 17.59% Morgan Stanley $174 → $174 Reiterates Overweight → Overweight 08/01/2023 18.27% B of A Securities $170 → $175 Maintains Buy

Procter & Gamble (NYSE:PG) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 6.93% Barclays $164 → $160 Maintains Overweight 11/13/2023 18.3% Jefferies → $177 Initiates Coverage On → Buy 10/20/2023 3.59% DZ Bank → $155 Upgrades Sell → Hold 10/19/2023 8.27% Wells Fargo $160 → $162 Maintains Overweight 10/19/2023 3.59% Stifel $151 → $155 Maintains Hold 10/16/2023 0.92% Stifel $161 → $151 Maintains Hold 10/12/2023 2.92% Barclays $166 → $154 Maintains Overweight 10/12/2023 12.95% JP Morgan $172 → $169 Maintains Overweight 10/12/2023 2.26% Bernstein $162 → $153 Maintains Market Perform 09/22/2023 19.63% HSBC → $179 Initiates Coverage On → Buy 09/08/2023 — William Blair Initiates Coverage On → Market Perform 08/01/2023 16.29% Morgan Stanley $174 → $174 Reiterates Overweight → Overweight 08/01/2023 16.96% B of A Securities $170 → $175 Maintains Buy 08/01/2023 10.94% Barclays $160 → $166 Maintains Overweight 07/31/2023

Jefferies analyst Kaumil Gajrawala initiates coverage on Procter & Gamble (NYSE:PG) with a Buy rating and announces Price Target of $177.