PG Stock News: Despite Negativity, We’d Go All In – An Algorithmic Perspective
Summary
- Procter & Gamble Co., an American consumer goods multinational with brands like Tide, Pantene, Gilette, Old Spice, and Oral B to its name, is the world’s largest consumer products maker.
- Despite its reputation, P&G suffered at the hands of dollar exchange rates in Q2 fiscal 2015, falling 31% and 4% compared to the prior-year period in earnings and revenue respectively.
- This situation, paired with P&G’s dramatic plans for strategic reform, has installed doubt within some analysts; consequently, the company’s share prices took a hit as the new year dawned.
- P&G is, however, still strong: its business development moves (geared at building public and media presence, and ameliorating sales), experienced leadership, and the aforementioned controversial portfolio slim-down may reap benefits.
- I Know First predicts a bullish forecast for P&G in the three-month time frame.
Company Profile: Procter & Gamble Co.
Procter & Gamble (NYSE: PG) is an American multinational dedicated to consumer goods, and a brand whose name has permeated everyday conversation, as well: say you work for P&G at a dinner party, and you’ll likely get relatively positive reception. Considering that the company brought in approximately $83.1 billion in sales in 2014, and is considered the world’s largest consumer products maker, its general reputation is not that surprising, either: though it is famed for its historically broad range of products and large brands, selling everything from pet foods to personal care products, P&G is considerably more selective where its employees are concerned, hiring only 1% of all applicants each year (most of whom, presumably, receive some pretty handsome perks).