Procter & Gamble Downtrend Prompts Vetr Downgrade

The Vetr crowd downgraded its rating for Procter & Gamble Co PG from 4 stars (Buy), issued four days ago, to 3 stars (Hold). Crowd sentiment at the time of the downgrade was still generally positive, with 71 percent of Vetr user ratings bullish.

The consumer staples company's share price experienced a steep downturn after delivering a mixed earnings report late in April that showed the company exceeding analyst EPS estimates by two cents but missing sales estimate for the third quarter by about $105 million. Since then, the stock has dropped nearly 4.5 percent to about $86.

Learn how crowdsourced ratings could help you time the market.

Currently, the Vetr crowd's average target price for Procter & Gamble is up at $88.18, which is still below the average analyst target price of $90.57. Less than 2 percent of Vetr users are holding PG in their watch lists.