What's Happening with pg
Consumer goods maker Procter & Gamble (PG) is scheduled to release its fiscal second-quarter numbers before the market opens on January 23. The consensus calls for earnings of $1.37 per share, versus $1.25 during the same period last year. PG has appreciated 14.7% since the start of July.
Technical Analysis
PG was recently trading at $126.66 down $0.34 from its 12-month high and $37.58 above its 12-month low. InvestorsObserver's Stock Score Report gives PG a 75 long-term technical score and a 77 short-term technical score. The stock has recent support above $120 and recent resistance below $127. Of the 13 analysts who cover the stock 6 rate it Strong Buy, 1 rate it Buy, 6 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, PG gets a score of 64 from InvestorsObserver's Stock Score Report.
Analysts' Thoughts
PG is trading at its record high, fueled by a string of six straight earnings beats and revenues have topped estimates each of the last three quarters. A strong job market has kept consumer confidence and spending high, and Wall Street remains very bullish on PG stock. Earnings have risen 4% per annum over the last five years and looking ahead analysts expect stronger annual growth of 8.3% for the next five years. Given the company strong track record of positing better than expected numbers the actual future growth could be much stronger than currently expected, and with the stock trading at 24 times future earnings there is decent upside potential left in the stock. Analysts have an average price target of $128.40 on the stock.