Stock Update (NYSE:PG): P&G being investigated by Italian authorities – Bloomberg

[Reuters] – Italian authorities are investigating whether Procter & Gamble Co routed revenue through its Swiss and other units to avoid paying taxes in the country, Bloomberg reported. The investigation is looking … Read more on this. The Procter & Gamble Company (PG) , with a current value of $226.34B, started the session at $85.37. Today’s price range has been between $84.74 and $85.50 per share with the price of the stock fluctuating between $65.02 to $85.95 over the last 52 weeks. PG shares are currently priced at 23.47x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.85x earnings multiple for the same period. The company pays shareholders $2.68 per share in dividend income per year, for a current yield of 3.28%. According to a consensus of 20 analysts, the earnings estimate of $0.74 per share would be $0.19 worse than the year-ago quarter and a $0.04 sequential decrease. Investors should also note that the full-year EPS estimate of $3.64 is a $0.12 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $15.85 Billion. If realized, that would be a 10.91% decrease over the year-ago quarter. Recently, Jefferies Initiated PG at Buy (Jun 15, 2016). Previously, Sterne Agee CRT upgraded PG from Neutral to Buy. The average price target for PG shares is $84.68, which is 0.81% below where the stock opened this morning. See more in (NYSE:PG) Similar Articles: Stock Update: The Procter & Gamble Company (NYSE:PG) – My Black is Beautiful Kicks off its 10-year Anniversary with A Celebration of Black Beauty at the 2016 Essence Festival in New Orleans Stock Update: The Procter & Gamble Company (NYSE:PG) – David S. Taylor Appointed Chairman of P&G Board of Directors Stock Update: The Procter & Gamble Company (NYSE:PG) – Strong Moms Inspire Latest P&G “Thank You, Mom” Campaign