Colgate-Palmolive PT Raised to $65.00 (CL)
Analysts at Sanford C. Bernstein boosted their price objective on shares of Colgate-Palmolive (NYSE:CL) from $62.00 to $65.00 in a research report issued to clients and investors on Friday, Stock Ratings News reports. The firm currently has a “market perform” rating on the stock. Sanford C. Bernstein’s price objective suggests a potential upside of 2.20% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley reiterated a “buy” rating on shares of Colgate-Palmolive in a research note to investors on Friday. They now have a $68.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Colgate-Palmolive from $63.00 to $65.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, 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. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $81.65.
In other Colgate-Palmolive news, Insider Andrew D. Hendry sold 6,000 shares of the company’s stock on the open market in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Colgate-Palmolive (NYSE:CL) traded up 0.89% during mid-day trading on Friday, hitting $63.60. The stock had a trading volume of 4,429,823 shares. 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 $59.000 billion and a price-to-earnings ratio of 26.30.
Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.73 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $1.38 earnings per share. The company’s quarterly revenue 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 announced a quarterly dividend, which is scheduled for Friday, November 15th. Investors 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 2.14%. The ex-dividend date 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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