Procter & Gamble’s Estimates Cut at Goldman Sachs on Commodity Cost Concerns (PG)

By Staff,

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Consumer products maker The Procter & Gamble Company ( PG ) on Thursday saw its earnings estimates lowered by analysts at Goldman Sachs.

The firm said it cut its estimates on PG through 2013, citing higher commodity costs that could eat into its bottom line. Still, Goldman maintained its "Buy" rating and $75 price target, which suggests a 21% upside to the stock's Wednesday closing price of $61.97.

Procter & Gamble shares were mostly flat in premarket trading Thursday.

The Bottom Line
Shares of Procter & Gamble ( PG ) have a 3.11% dividend yield, based on last night's closing stock price of $61.97. We have been recommending shares of Procter & Gamble ( PG ) since Sept.1,2009, when the stock was trading at $54.11.

The Procter & Gamble Company ( PG ) is a "Recommended" dividend stock, holding a DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: PG

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