Chegg (CHGG) Buy Rating Kept by Analysts at Barrington; The PT is $32.0000; Shorts at Procter & Gamble Company (the) (PG) Lowered By 3%

June 22, 2018 - By Marie Mckinney

Chegg, Inc. (NYSE:CHGG) Logo

In a research report issued on today, Barrington kept their Buy rating on Chegg Inc (NYSE:CHGG)‘s stock. The PT would suggest a potential upside of 13.35% from company’s last stock close.

Procter & Gamble Company (the) (NYSE:PG) had a decrease of 3% in short interest. PG’s SI was 34.43 million shares in June as released by FINRA. Its down 3% from 35.50M shares previously. With 11.37 million avg volume, 3 days are for Procter & Gamble Company (the) (NYSE:PG)’s short sellers to cover PG’s short positions. The SI to Procter & Gamble Company (the)’s float is 1.37%. The stock increased 1.33% or $1.02 during the last trading session, reaching $77.46. About 2.93 million shares traded. The Procter & Gamble Company (NYSE:PG) has declined 14.45% since June 22, 2017 and is downtrending. It has underperformed by 27.02% the S&P500. Some Historical PG News: 13/03/2018 – Procter & Gamble: Ranir Acquires Rights to Patents Under Confidential Terms; 19/04/2018 – PROCTER & GAMBLE CO PG.N FY2018 SHR VIEW $4.18 — THOMSON REUTERS l/B/E/S; 19/04/2018 – TEVA PHARMACEUTICAL – WILL MERGE ITS OTC INTERESTS RETURNING FROM PGT WITH A PORTFOLIO OF OTC ASSETS ACQUIRED IN 2016 VIA ACTAVIS ACQUISITION; 06/03/2018 – P&G to bring marketing […]; 02/05/2018 – Herbal Essences Recognizes Women Living Life, While Making A Life, As Unstoppable Forces of Nature; 19/04/2018 – P&G CEO SAYS SALES HAVE TURNED POSITIVE IN CHINA DIAPERS; 06/03/2018 – ShieldX Builds Recognition for Its Unmatched Multi-Cloud Security Solution in the 14th Annual Info Security PG’s 2018 Global; 19/04/2018 – Procter & Gamble Pledges More Change as Sales Start to Climb; 20/04/2018 – P&G PG.N : BOFA MERRILL CUTS PRICE OBJECTIVE TO $82 FROM $90; 19/04/2018 – Procter & Gamble Maintains Sees FY Organic Sales Growth 2%-3%

Among 25 analysts covering Proctor & Gamble (NYSE:PG), 10 have Buy rating, 1 Sell and 14 Hold. Therefore 40% are positive. Proctor & Gamble had 90 analyst reports since August 4, 2015 according to SRatingsIntel. UBS maintained The Procter & Gamble Company (NYSE:PG) on Monday, October 26 with “Neutral” rating. The stock has “Sell” rating by Pritchard Capital on Wednesday, August 19. SunTrust upgraded the shares of PG in report on Tuesday, September 8 to “Buy” rating. The rating was reinitiated by Wells Fargo with “Market Perform” on Tuesday, November 15. Vetr downgraded the shares of PG in report on Friday, August 7 to “Strong-Buy” rating. The company was downgraded on Monday, January 9 by Goldman Sachs. As per Tuesday, January 23, the company rating was maintained by SunTrust. The stock of The Procter & Gamble Company (NYSE:PG) earned “Neutral” rating by B. Riley & Co on Wednesday, March 30. Sterne Agee CRT initiated the shares of PG in report on Tuesday, July 21 with “Neutral” rating. The firm has “Hold” rating given on Wednesday, December 21 by Stifel Nicolaus.

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: Seekingalpha.com which released: “It Is No Longer A Gamble Investing In Procter & Gamble: Part 5” on June 14, 2018, also Bizjournals.com with their article: “Former P&G manager joins C-suite of Blue Apron” published on June 21, 2018, Bizjournals.com published: “EXCLUSIVE: P&G shuffles executive leadership” on June 21, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: Seekingalpha.com and their article: “Lanny’s Recent Stock Purchase – Procter & Gamble” published on June 09, 2018 as well as Seekingalpha.com‘s news article titled: “Is PZ Cussons A Buy After The Recent Drop?” with publication date: June 21, 2018.

The Procter & Gamble Company provides branded consumer packaged goods to clients in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company has market cap of $194.78 billion. The companyÂ’s Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products. It has a 20.57 P/E ratio. It markets its products under Head & Shoulders, Pantene, Rejoice, Olay, Old Spice, Safeguard, and SK-II brands.

Since February 15, 2018, it had 0 insider purchases, and 10 insider sales for $8.44 million activity. 2,075 The Procter & Gamble Company (NYSE:PG) shares with value of $149,130 were sold by Bishop Steven D. Coombe Gary A had sold 1,529 shares worth $113,533 on Tuesday, May 15. 5,300 The Procter & Gamble Company (NYSE:PG) shares with value of $410,266 were sold by Moeller Jon R. $931,536 worth of The Procter & Gamble Company (NYSE:PG) was sold by Giovanni Ciserani. On Thursday, February 15 Fish Kathleen B sold $1.93M worth of The Procter & Gamble Company (NYSE:PG) or 23,500 shares. $668,179 worth of stock was sold by Pritchard Marc S. on Thursday, February 15. On Thursday, February 15 Posada Juan Fernando sold $739,189 worth of The Procter & Gamble Company (NYSE:PG) or 9,005 shares.

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.11, from 0.89 in 2017Q4. It dived, as 71 investors sold The Procter & Gamble Company shares while 786 reduced holdings. 112 funds opened positions while 556 raised stakes. 1.51 billion shares or 2.21% more from 1.47 billion shares in 2017Q4 were reported. Sterneck Cap Mngmt Limited Liability Company owns 43,324 shares or 2.02% of their US portfolio. Inverness Counsel Limited Liability, New York-based fund reported 154,114 shares. Wedgewood Invsts Pa has invested 0.9% in The Procter & Gamble Company (NYSE:PG). Tiedemann Advsr Ltd invested in 13,669 shares or 0.07% of the stock. Ironwood Inv Counsel Ltd Llc has invested 3.25% in The Procter & Gamble Company (NYSE:PG). Edgar Lomax Va stated it has 507,761 shares. Tower Rech Capital Limited Liability Corp (Trc) has 0% invested in The Procter & Gamble Company (NYSE:PG). Massmutual Fsb Adv, a Connecticut-based fund reported 155,354 shares. Godsey And Gibb Associates stated it has 2.31% in The Procter & Gamble Company (NYSE:PG). State Of Alaska Department Of Revenue invested in 0.89% or 542,278 shares. Jupiter Asset Management invested in 89,441 shares. Rench Wealth Mgmt Incorporated reported 2.49% of its portfolio in The Procter & Gamble Company (NYSE:PG). Boltwood Cap Mngmt stated it has 1.59% in The Procter & Gamble Company (NYSE:PG). The Illinois-based Interocean Ltd Llc has invested 1.89% in The Procter & Gamble Company (NYSE:PG). 27,635 were accumulated by Denver Inv Advisors Limited Liability Company.

Another recent and important Chegg, Inc. (NYSE:CHGG) news was published by Seekingalpha.com which published an article titled: “Under Armour Is A Winner – Cramer’s Lightning Round (6/20/18)” on June 21, 2018.

The stock increased 0.71% or $0.2 during the last trading session, reaching $28.23. About 416,444 shares traded. Chegg, Inc. (NYSE:CHGG) has risen 125.55% since June 22, 2017 and is uptrending. It has outperformed by 112.98% the S&P500. Some Historical CHGG News: 26/04/2018 – Chegg Sees 2Q Rev $69M-$71M; 26/04/2018 – Chegg 1Q Rev $76.9M; 27/04/2018 – Chegg Presenting at JPMorgan Conference May 17; 03/04/2018 – CHEGG CLOSES OFFERING OF $300M OF 0.25% CONV. SR 2023 NOTES; 20/04/2018 – DJ Chegg Inc, Inst Holders, 1Q 2018 (CHGG); 26/04/2018 – CHEGG INC CHGG.N SEES FY 2018 REVENUE $300 MLN TO $305 MLN; 26/04/2018 – CHEGG SEES 2Q REV. $69M TO $71M, EST. $67.6M; 16/05/2018 – Chegg Presenting at JPMorgan Conference Tomorrow; 16/05/2018 – Chegg Deepens Investment In Writing And AI With Acquisition Of WriteLab; 28/03/2018 – CHEGG INC – EXPECTS TO USE PROCEEDS FROM OFFERING OF NOTES TO PAY COST OF CAPPED CALL TRANSACTIONS TO MANAGE POTENTIAL DILUTION

Among 14 analysts covering Chegg Inc (NYSE:CHGG), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Chegg Inc has $2600 highest and $6 lowest target. $18.83’s average target is -33.30% below currents $28.23 stock price. Chegg Inc had 47 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was initiated by Craig Hallum on Thursday, November 19 with “Buy”. The stock of Chegg, Inc. (NYSE:CHGG) earned “Buy” rating by BMO Capital Markets on Monday, October 16. The stock of Chegg, Inc. (NYSE:CHGG) has “Buy” rating given on Tuesday, November 8 by Lake Street. The firm has “Hold” rating given on Wednesday, July 26 by Lake Street. The firm has “Buy” rating by BMO Capital Markets given on Thursday, August 31. The company was maintained on Wednesday, September 6 by Jefferies. The firm has “Outperform” rating by Barrington Research given on Tuesday, February 14. On Tuesday, February 13 the stock rating was maintained by Jefferies with “Buy”. The firm has “Market Perform” rating given on Tuesday, February 23 by Raymond James. Northland Capital maintained it with “Buy” rating and $16.0 target in Tuesday, August 29 report.

Investors sentiment decreased to 1.09 in Q1 2018. Its down 0.46, from 1.55 in 2017Q4. It is negative, as 12 investors sold Chegg, Inc. shares while 66 reduced holdings. 43 funds opened positions while 42 raised stakes. 115.68 million shares or 3.26% more from 112.03 million shares in 2017Q4 were reported. Daiwa Secs Group has 0% invested in Chegg, Inc. (NYSE:CHGG). Ubs Asset Mgmt Americas has 863,385 shares. Act Ii Management Limited Partnership stated it has 659,616 shares or 9.64% of all its holdings. Timpani Capital Mngmt Lc, a Wisconsin-based fund reported 439,506 shares. Emerald Advisers Pa, a Pennsylvania-based fund reported 2.68M shares. Manufacturers Life Insurance The reported 72,096 shares or 0% of all its holdings. Acadian Asset Management owns 254 shares. 296 are held by Tradewinds Capital Mngmt Lc. Driehaus Mgmt Limited Liability holds 0.29% or 400,386 shares in its portfolio. Great West Life Assurance Company Can reported 0% stake. Hitchwood Capital Mngmt Limited Partnership has invested 1.31% of its portfolio in Chegg, Inc. (NYSE:CHGG). Stephens Invest Management Gru Ltd Co, Texas-based fund reported 770,817 shares. Wolverine Asset Llc reported 71,200 shares. Verition Fund Mngmt Ltd Liability Com has invested 0.02% in Chegg, Inc. (NYSE:CHGG). The California-based Avalon Glob Asset Mgmt Limited Co has invested 1.43% in Chegg, Inc. (NYSE:CHGG).

Chegg, Inc. (NYSE:CHGG) Institutional Positions Chart

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