Colgate-Palmolive Company Upgraded to “Outperform” by BMO Capital Markets (CL)
Colgate-Palmolive Company (NYSE:CL) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Colgate-Palmolive Company (NYSE:CL) opened at 68.44 on Tuesday. Colgate-Palmolive Company has a one year low of $55.47 and a one year high of $68.64. The stock’s 50-day moving average is $67.07 and its 200-day moving average is $64.69. The company has a market cap of $62.649 billion and a price-to-earnings ratio of 29.29.
Colgate-Palmolive Company (NYSE:CL) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.68 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Colgate-Palmolive Company will post $2.99 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CL. Analysts at Zacks reiterated a “neutral” rating on shares of Colgate-Palmolive Company in a research note on Tuesday, May 6th. They now have a $70.00 price target on the stock. Separately, analysts at B. Riley cut their price target on shares of Colgate-Palmolive Company from $68.00 to $66.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Colgate-Palmolive Company in a research note on Monday, April 28th. They now have a $73.00 price target on the stock, up previously from $70.00. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $70.94.
In other Colgate-Palmolive Company news, Insider Andrew D. Hendry sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $66.90, for a total value of $401,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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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