Proctor (PG)’s a Machine Despite Slow Growth, Says Jim Cramer

We recently published 10 Stocks on Jim Cramer’s Radar.  The Procter & Gamble Company (NYSE:PG) is one of the stocks that on Jim Cramer’s radar.

Consumer goods giant The Procter & Gamble Company (NYSE:PG)’s shares are down by 6% over the past year and are up upby 13% year-to-date. Berenberg Bank and TD Cowen discussed the firm in late January. Berenberg set a $156 share price target and kept a Hold rating. However, TD Cowen downgraded the shares to Hold from Buy and raised the price target to $156 from $150. One factor that TD Cowen discussed as part of its coverage of The Procter & Gamble Company (NYSE:PG) was the firm’s organic sales growth. The financial firm pointed out that the consumer goods company’s organic sales growth could accelerate sluggishly, as it added that the bulls were basing their optimism on the belief that growth had bottomed out at 0% last year. UBS discussed The Procter & Gamble Company (NYSE:PG)’s shares in mid-January. It cut the share price target to $161 from $176 and kept a Buy rating on the stock. The financial firm commented that the firm was operating in a tough environment but added that it could see its fundamentals improve this year. Cramer contrasted The Procter & Gamble Company (NYSE:PG)’s organic growth with its share price performance:

Photo by NeONBRAND on Unsplash

“Procter had horrendous organic growth, but look at that, that’s a machine.”

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Disclosure: None. This article is originally published at Insider Monkey.