Stock Update: The Procter & Gamble Company (NYSE:PG) – David S. Taylor Appointed Chairman of P&G Board of Directors

[Business Wire] – The Procter & Gamble Company today announced that David S. Taylor has been appointed Chairman of the Board, effective July 1, 2016. Taylor assumes the position in addition to his role as President and CEO following the retirement of current Executive Chairman A.G. Read more on this. The Procter & Gamble Company (PG) , with a current market cap of $217.71B, started trading this morning at $80.95. Looking at the equity, the company’s one day range is $80.86 to $81.80 with its 52-week range being $65.02 to $83.87. Procter & Gamble (PG) shares are currently priced at 22.33x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.62x earnings multiple for the same period. The company pays shareholders $2.68 per share in dividend income per year, for a current yield of 3.30%. 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. 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 $15.84 Billion. If reported, that would be a 10.96% decrease over the year-ago quarter. Recently, Sterne Agee CRT upgraded PG from Neutral to Buy (Feb 16, 2016). Previously, Stifel upgraded PG from Hold to Buy. Given all the information above, we should disclose to readers that the average price target is $84.79, which is 4.74% above than it opened this morning. See more in (NYSE:PG) Similar Articles: Stock Update: The Procter & Gamble Company (NYSE:PG) – Tide® and Downy® Ride into Summer with Flywheel Sports Stock Update: The Procter & Gamble Company (NYSE:PG) – Strong Moms Inspire Latest P&G “Thank You, Mom” Campaign Market Update: The Procter & Gamble Company (NYSE:PG) – Market Opportunity and Discovery – Analyst Notes on Mondelez International, Marathon Petroleum, Procter & Gamble, and Avago Technologies