From MarketBeat:



Procter & Gamble (NYSE:PG) stock has been downgraded from a “buy” rating to a “hold” rating by investment analysts at StockNews.com. Despite this, the company’s stock has seen an increase of 0.5% and currently trades at $145.94. The company reported $1.83 earnings per share (EPS) for the last quarter, beating analysts’ consensus estimates of $1.71 by $0.12. Procter & Gamble’s quarterly revenue was up 6.1% on a year-over-year basis, and the company has a 52-week low of $135.83 and a 52-week high of $158.38.

Seven equities research analysts have rated the stock with a hold rating, while twelve have given a buy rating to the stock, earning it a consensus rating of “Moderate Buy” and an average target price of $166.41. In related news, CFO Andre Schulten sold 40,298 shares of the stock, while insider Susan Street Whaley sold 575 shares. A number of hedge funds have recently modified their holdings of the stock. Despite the downgrade, top-rated analysts have identified five stocks that are believed to be better buys than Procter & Gamble at the moment.



Read more: Procter & Gamble (NYSE:PG) Lowered to Hold at StockNews.com