Colgate-Palmolive Price Target Increased to $65.00 by Analysts at Deutsche Bank (CL)
Equities research analysts at Deutsche Bank raised their price target on shares of Colgate-Palmolive (NYSE:CL) from $63.00 to $65.00 in a research note issued to investors on Friday, AmericanBankingNews.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 3.11% from the company’s current price.
In other Colgate-Palmolive news, Insider Andrew D. Hendry sold 6,000 shares of Colgate-Palmolive stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $62.40, for a total transaction of $374,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on CL. Analysts at Canaccord Genuity upgraded shares of Colgate-Palmolive from a “sell” rating to a “hold” rating in a research note to investors on Friday. They now have a $58.00 price target on the stock, up previously from $52.00. Separately, analysts at Morgan Stanley upgraded shares of Colgate-Palmolive from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, September 30th. They now have a $68.00 price target on the stock, up previously from $59.93. They noted that the move was a valuation call. Finally, analysts at Barclays upgraded shares of Colgate-Palmolive from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, September 18th. They now have a $65.00 price target on the stock, up previously from $59.00. Fifteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Colgate-Palmolive currently has an average rating of “Hold” and an average target price of $81.26.
Colgate-Palmolive (NYSE:CL) traded up 0.60% on Friday, hitting $63.42. 2,595,323 shares of the company’s stock traded hands. Colgate-Palmolive has a 1-year low of $51.345 and a 1-year high of $62.70. The stock’s 50-day moving average is $59.32 and its 200-day moving average is $58.92. The company has a market cap of $58.833 billion and a P/E ratio of 26.30.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts predict that Colgate-Palmolive will post $2.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, October 18th.
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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