Procter & Gamble Co. (PG) Stock Down After Price Target Increase at Jefferies

Procter & Gamble Co. (NYSE: PG) shares were down on Monday January 23 on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock, boosting the price target of stock.

Meanwhile, U.S. stocks flipped between small gains and losses in early trade on Monday.

The Dow Jones Industrial Average DJIA, -0.14% was off by 13 points, or less than 0.1%, at 19,815, with McDonald’s Corp MCD, -0.99% and General Electric CoGE, -0.95% leading the losses, down more than 1%.

The S&P 500 SPX, -0.18% slipped 2 point to 2,270, with five of the main sectors trading lower. The Nasdaq Composite COMP, -0.09% gained 4 points to 5,558.

Procter & Gamble Co. (NYSE: PG) had its price target raised by equities researchers at Jefferies from $0.00 to $99.00. With a rating of on the stock, the company has a 52-week high of $90.33. As a means of comparison, a number of other analysts have spoken on the company recently, and the company has secured a consensus one-year price target of $89.82, above the opening price of $87.09, a difference of 10.29 percent.

Yesterday Procter & Gamble Co. (NYSE: PG) shares last traded at $87.31, a drop of $0.14 compared to the previous closing price. Opening at $87.09, they ranged from $86.90 and $87.33 throughout the day.

Procter & Gamble Co. (NYSE: PG) currently has a market cap of 228.43B.

Procter & Gamble Co. (NYSE: PG) Average Daily Trading Volume

1,595,151 shares traded hands yesterday, 87 percent lower than normal, out of a total float 2,613,950,000. lower than normal. Look for trading volume to pick up in the coming days as swing traders often use upticks in trading volume to identify heavy volume accumulation or distribution by institutional investors.

As with all potential breakouts, investors look for volume to be at least 40%-50% higher than normal on the breakout to show that fund managers and other professional investors are jumping in.

Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These instituitional investors retain teams of analysts that research thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.

Procter & Gamble Co. (NYSE: PG) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.

Trades for Procter & Gamble Co. (NYSE: PG) have ranged from $76.56 – 90.33, and the stock now has a 50-day MA of $84.40 and 200-day MA of $85.93. Today’s last price is 3.34%% under the 52 week high of $90.33.

Earnings growth is a crucial factor to research when investing in stocks and investors watch for companies that have been successful at growing their earnings by at least 25% for 3 consecutive years.

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