Colgate-Palmolive Upgraded to Overweight at Barclays Capital (CL)
Colgate-Palmolive (NYSE:CL) was upgraded by equities research analysts at Barclays Capital from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Wednesday, StockRatingsNetwork.com reports.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas initiated coverage on shares of Colgate-Palmolive (NYSE:CL) in a research note to investors on Wednesday, September 11th. They set a “neutral” rating and a $62.00 price target on the stock. Separately, analysts at Argus downgraded shares of Colgate-Palmolive (NYSE:CL) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 16th. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Colgate-Palmolive (NYSE:CL) in a research note to investors on Friday, August 2nd. They now have a $64.00 price target on the stock.
One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $86.49.
Shares of Colgate-Palmolive (NYSE:CL) opened at 59.80 on Wednesday. Colgate-Palmolive has a 1-year low of $51.41 and a 1-year high of $62.70. The stock has a 50-day moving average of $59.32 and a 200-day moving average of $58.97. The company has a market cap of $55.475 billion and a price-to-earnings ratio of 24.95.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.70 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.70. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter last year, the company posted $1.33 earnings per share. Colgate-Palmolive’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Colgate-Palmolive will post $2.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Friday, October 18th.
In other Colgate-Palmolive news, Insider Andrew D. Hendry sold 6,000 shares of Colgate-Palmolive stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $58.79, for a total transaction of $352,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Colgate-Palmolive Company (NYSE:CL) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world.
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