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Stock analysts at UBS AG raised their price target on shares of Colgate-Palmolive (NYSE:CL) to $73.00 in a report issued on Monday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target indicates a potential upside of 7.57% from the company’s current price.

Shares of Colgate-Palmolive (NYSE:CL) traded up 2.45% during mid-day trading on Monday, hitting $67.86. The stock had a trading volume of 4,539,043 shares. Colgate-Palmolive has a 52 week low of $55.47 and a 52 week high of $67.40. The stock has a 50-day moving average of $64.74 and a 200-day moving average of $63.95. The company has a market cap of $62.118 billion and a P/E ratio of 28.53.

Colgate-Palmolive (NYSE:CL) last released its earnings data on Friday, April 25th. The company reported $0.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.68. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Colgate-Palmolive will post $3.00 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on CL. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Colgate-Palmolive in a research note on Monday. They now have a $73.00 price target on the stock, up previously from $70.00. Separately, analysts at Erste Group downgraded shares of Colgate-Palmolive to a “hold” rating in a research note on Monday, March 24th. Finally, analysts at BMO Capital Markets cut their price target on shares of Colgate-Palmolive to $64.00 in a research note on Wednesday, February 19th. They now have a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $69.80.

In other Colgate-Palmolive news, Insider Andrew Hendry unloaded 6,000 shares of Colgate-Palmolive stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $66.89, for a total transaction of $401,340.00. Following the sale, the insider now directly owns 185,726 shares in the company, valued at approximately $12,423,212. The transaction was disclosed in a legal filing with the SEC, 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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