SunTrust Lowers Colgate-Palmolive Price Target to $65.00 (CL)
SunTrust decreased their price objective on shares of Colgate-Palmolive (NYSE:CL) from $70.00 to $65.00 in a research note issued on Friday, Analyst Ratings Net reports. SunTrust’s target price would suggest a potential upside of 6.16% from the stock’s previous close.
Shares of Colgate-Palmolive (NYSE:CL) opened at 61.23 on Friday. Colgate-Palmolive has a one year low of $53.685 and a one year high of $66.49. The stock’s 50-day moving average is $64.05 and its 200-day moving average is $62.17. The company has a market cap of $56.650 billion and a price-to-earnings ratio of 25.57.
Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, January 31st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.40 billion. Analysts expect that Colgate-Palmolive will post $3.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 14th. Shareholders of record on Friday, January 24th will be paid a dividend of 0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Wednesday, January 22nd.
A number of other analysts have also recently weighed in on CL. Analysts at Socgen initiated coverage on shares of Colgate-Palmolive in a research note to investors on Friday. They set a “sell” rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Colgate-Palmolive from $68.00 to $67.00 in a research note to investors on Friday. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Colgate-Palmolive from $65.00 to $67.00 in a research note to investors on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $77.65.
In other Colgate-Palmolive news, Insider Andrew Hendry unloaded 6,000 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $62.31, for a total value of $373,860.00. Following the completion of the transaction, the insider now directly owns 192,093 shares in the company, valued at approximately $11,969,315. The transaction was disclosed in a filing with the SEC, which is available at 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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