Colgate-Palmolive PT Raised to $68.00 (CL)
Stock analysts at BMO Capital Markets boosted their target price on shares of Colgate-Palmolive (NYSE:CL) from $61.00 to $68.00 in a report issued on Tuesday, AR Network reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 3.99% from the stock’s previous close.
Colgate-Palmolive (NYSE:CL) traded up 1.02% during mid-day trading on Tuesday, hitting $65.39. 3,770,699 shares of the company’s stock traded hands. Colgate-Palmolive has a 1-year low of $51.41 and a 1-year high of $66.04. The stock has a 50-day moving average of $61.39 and a 200-day moving average of $59.81. The company has a market cap of $60.499 billion and a P/E ratio of 26.91.
Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.73 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.38 earnings per share. Colgate-Palmolive’s revenue was up 1.5% compared to the same quarter last year. Analysts expect that Colgate-Palmolive will post $2.83 EPS for the current fiscal year.
In other Colgate-Palmolive news, Insider Stephen J. Fogarty unloaded 12,000 shares of Colgate-Palmolive stock on the open market in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $65.67, for a total value of $788,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in on CL. Analysts at Janney Montgomery Scott raised their price target on shares of Colgate-Palmolive from $65.00 to $69.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Separately, analysts at Sanford C. Bernstein raised their price target on shares of Colgate-Palmolive from $62.00 to $65.00 in a research note to investors on Friday, October 25th. They now have a “market perform” rating on the stock. Finally, analysts at Morgan Stanley reiterated a “buy” rating on shares of Colgate-Palmolive in a research note to investors on Friday, October 25th. They now have a $68.00 price target on the stock. Sixteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $79.43.
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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