Market Update (NYSE:PG): P&G Completes Exchange of Duracell to Berkshire Hathaway

[Business Wire] – Procter & Gamble has announced the completion of the transfer of its Duracell business to Berkshire Hathaway. Read more on this. The Procter & Gamble Company (PG) , valued at $217.15B, started trading this morning at $81.10. Looking at the stock, its one day range is $80.21 to $81.35 with the price of the stock fluctuating between $65.02 to $85.44 over the last 52 weeks. PG shares are currently priced at 22.34x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.22x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.65 per share annually in dividends, yielding 3.27%. According to a consensus of 22 analysts, the earnings estimate of $0.82 per share would be $0.07 worse than the year-ago quarter and a $0.10 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.63 would be a $0.13 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $15.93 Billion. If reported, that would be a 12.18% decrease over the year-ago quarter. More recently, Sterne Agee CRT upgraded PG from Neutral to Buy (Feb 16, 2016). Previously, Stifel upgraded PG from Hold to Buy. Investors should keep in mind is that the average price target is $83.10, which is 2.47% above where the stock opened this morning. See more in (NYSE:PG) Similar Articles: Market Update: The Procter & Gamble Company (NYSE:PG) – P&G Releases 2015 Sustainability Report, Detailing Progress against 2020 Environmental and Social Goals Market Update: The Procter & Gamble Company (NYSE:PG) – P&G Declares Quarterly Dividend Market Update (NYSE:PG): P&G Announces New Goal to Reduce Greenhouse Gas Emissions by 30%