AllAnalyst Report
logoArgusApril 01, 2021

The Procter & Gamble Company: Reiterating $160 target price

Symbols
PG
Sector(s)
Consumer Defensive
Rating
Current Price
$161.57
Price Target
Earnings Estimate
Summary

Procter & Gamble, with headquarters in Cincinnati, and sales in over 180 countries, manufactures daily-use household, personal care, food and paper products. Fiscal 2020 sales were $70.8 billion. The company's major brands include Tide, Gillette, Pampers, Bounty, Crest, Ivory, Head & Shoulders, Scope, Oral-B, Swiffer, Tampax and Charmin. Approximately 47% of sales are from North America, 22% from Europe, 10% from Asia Pacific, 9% from Greater China, 6% from Latin America, and 6% from India, Middle East & Africa. By product category, there are five business segments: Fabric & Home Care (33% of sales); Baby, Feminine & Family Care (26%); Beauty (19%); Grooming (9%); and Health Care (13%). Ivory Soap was

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Analyst Profile

Chris Graja, CFA

Senior Analyst: Retail
Chris covers the Consumer sector for Argus. He was the #1 Stock Picker in the Household Durables sector, winning the 2019 StarMine U.S. Analyst award from Refinitiv. He was the #1 Stock Picker in Food and Staples Retailing, winning back-to-back U.S. Analyst Awards in 2015 and 2016. He received a prestigious Volunteer of the Year award from the New York Society of Security Analysts in 2000. Prior to Argus, Chris spent 16 years at Bloomberg Financial Markets. He was the Director of Training and a Senior Researcher for Bloomberg’s research division before joining the new Bloomberg magazine as Technical Studies Editor in 1993. He rose to Executive Markets Editor of the publishing group. Chris co-authored the book “Investing in Small-Cap Stocks,” which was published in three U.S. editions, an audio book, and two Chinese editions. Chris earned an MBA from Rutgers University. He is a CFA charterholder.