Procter & Gamble
Dow stock Procter & Gamble Inc. (NYSE: PG) has posted a share price drop of about 5.1% over the past 12 months. From a 52-week high posted in late January last year, shares have declined 9%. The world’s largest consumer products maker is expected to get even bigger as the global population grows. Gross profit margin for the past year is 47.2%, and net margin is more than 18%. The company’s return on common equity over the past 12 months is nearly 33%, more than double the S&P 500 long-term average.
Of 27 analysts covering the stock, 15 have a Buy or Strong Buy rating and 11 more have Hold ratings. At a share price of around $151.50, the upside potential based on a median price target of $155.00 is 2.3%. At the high price target of $172.00, the implied gain is 13.5%.
Analysts expect P&G to report fiscal 2023 second-quarter revenue of $20.73 billion, up 0.6% sequentially but 1.1% lower year over year. Adjusted EPS are pegged at $1.59, up 1.2% sequentially and down 4.2% year over year. For the full 2023 fiscal year ending in June, estimates call for EPS of $5.85, up 0.7%, on sales of $80.22 billion, up 0.04%.
P&G shares trade at 25.9 times expected 2023 EPS, 24.1 times estimated 2024 earnings of $6.28 and 22.4 times estimated 2025 earnings of $6.77 per share. The stock’s 52-week range is $122.18 to $165.35. Its annual dividend is $3.65 (yield of 2.44%). Total shareholder return for the past year was negative 2.8%.
Truist
Truist Financial Corp. (NYSE: TFC) is the country’s fifth-largest regional bank, with a market cap of more than $62 billion. Since posting a 52-week high in mid-January of last year, the stock has dropped about 30%. So far in 2023, however, shares are up more than 9%. Higher interest rates combined with higher lending levels in the commercial and industrial markets augur well for the bank’s fourth-quarter report.
As with KeyCorp, sentiment on the stock is mixed. Eleven of 24 analysts have a Buy or Strong Buy rating and 12 rating the shares at Hold. At a price of around $47.10 a share, the upside potential based on a median price target of $52.00 is 10.4%. At the high price target of $60.00, the upside potential is 27.4%.
Analysts expect fourth-quarter revenue of $6.15 billion, up 6.1% sequentially and by 9.8% year over year. Adjusted EPS are forecast at $1.28, up 3.2% sequentially but 7.2% lower year over year. For the full 2022 fiscal year, current estimates call for EPS of $4.92, down 11.1%, and revenue of $23.06 billion, up about 3%.
Truist stock trades at 9.6 times expected 2022 EPS, 9.3 times estimated 2023 earnings of $5.09 and 8.9 times estimated 2024 earnings of $5.29 per share. The stock’s 52-week range is $40.01 to $68.95. Truist pays an annual dividend of $2.08 (yield of 4.41%). Total shareholder return for the past 12 months was negative 27.3%.
Originally published at 24/7 Wall St.
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