Procter & Gamble (PG) Stock “Just Won’t Quit,” Says Jim Cramer

We recently published 12 Stocks Jim Cramer Talked About.  The Procter & Gamble Company (NYSE:PG) is one of the stocks that Jim Cramer talked about.

The Procter & Gamble Company (NYSE:PG) is one of the biggest consumer goods firms in the world. The shares are down by 5.8% over the past year and are up by 12% year-to-date. In late January, TD Cowen downgraded the shares to Hold from Buy and raised the share price target to $156 from $150. The Procter & Gamble Company (NYSE:PG)’s growth prospects were on TD Cowen’s mind as the financial firm pointed out that the company’s growth appeared to have bottomed out and was now contingent on regaining market share. UBS discussed the shares in mid-January. It reiterated a Buy rating and a $161 share price target for The Procter & Gamble Company (NYSE:PG) and outlined that the consumer goods company was experiencing divided investor attention when it came to growth. As per UBS, investors were split on whether The Procter & Gamble Company (NYSE:PG)’s growth was experiencing a longer-term slowdown or was affected by market conditions. Cramer commented on the firm’s earnings:

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“Procter & Gamble had one of the worst quarters I’ve seen and the stock just won’t quit.

“Now these aren’t really growing, it’s just that they’re consistent.

“Procter & Gamble’s up 95 [inaudible], this is just crazy. On the quarter they apologized for, I mean they basically said, listen we know screwed up. I mean, can you imagine if they said they didn’t? The stock would be at 200!”

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