Procter & Gamble (PG), like most of the other consumer product companies, has witnessed modest stock price gains YTD.
Analysts providing recommendations for Procter & Gamble (PG) continue to maintain a neutral outlook on the stock with a consensus score of 2.5 on a scale of 1.0 to 5.0.
Procter & Gamble (PG) has managed to report higher profitability despite waning sales.
Procter & Gamble (PG) is struggling on the sales front. Moderating category growth in developed markets and lower pricing to beat the competition are taking a toll on its top-line performance.
Procter & Gamble (PG) recently took a big blow when the company’s long-term investor Yacktman Asset Management openly supported activist investor Nelson Peltz.
On September 12, Independent Research cut the target price for Altria Group (MO) to $68 from $70 with a “hold” rating.
After the market closes on September 19, 2017, New Jersey-based retail company Bed Bath & Beyond (BBBY) will announce its fiscal 2Q17 results.
On September 15, Brown-Forman (BF-A) (BF-B) announced that it plans to invest $45 million in the Brown-Forman Cooperage in Louisville, Kentucky.
On September 11, Deutsche Bank raised the target price for Gap stock to $26 from $24. On September 12, Jefferies raised the target price to $39 from $35.
The S&P 500 Index (SPY) (SPX-INDEX) finished the week ending September 15 with a gain of 1.5% as the expectation of damage from Hurricane Irma subsided.
The majority of analysts have a consensus “hold” rating for Nordstrom stock.
As of September 15, Nordstrom (JWN) was trading at a 12-month forward PE (price-to-earnings) ratio of 15.5x.
Nordstrom (JWN) delivered better top-line growth in the first half of fiscal 2017 compared to department stores like Macy’s (M), Kohl’s (KSS), and JCPenney (JCP).
As of September 15, Nordstrom stock has fallen 2.5% on a YTD (year-to-date) basis.
The U.S. Bureau of Labor Statistics released the employment summary for August 2017. The non-farm payroll change figure for August was 156,000.
According to the latest data released for the week ending September 9, 2017, the SAAR for US initial jobless claims was at 284,000.
US auto sales’ SAAR was at 16.14 million vehicle units in August 2017—a decrease from a SAAR at 17.22 million vehicle units in August 2016.
Of the 25 analysts tracking Activision (ATVI), 20 gave the stock a “buy” recommendation, and four analysts recommended a “hold.” There was one “sell” recommendation.
Activision Blizzard’s (ATVI) management has highlighted the importance of player investment. In 2Q17, in-game purchases generated $1 billion in revenues.
King Digital was the only business segment that saw a decline YoY (year-over-year) and quarter-over-quarter in monthly active users.