Barclays Reiterates “Overweight” Rating for Colgate-Palmolive Company (CL)
Colgate-Palmolive Company (NYSE:CL)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays in a note issued to investors on Friday. They currently have a $69.00 target price on the stock, up from their previous target price of $68.00. Barclays’ price target would suggest a potential upside of 8.83% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets upgraded shares of Colgate-Palmolive Company from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 10th. They now have a $75.00 price target on the stock, up previously from $66.00. 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $68.15.
Colgate-Palmolive Company (NYSE:CL) traded up 1.74% during mid-day trading on Friday, hitting $64.505. The stock had a trading volume of 3,837,429 shares. Colgate-Palmolive Company has a one year low of $56.94 and a one year high of $70.11. The stock has a 50-day moving average of $68.28 and a 200-day moving average of $65.60. The company has a market cap of $59.047 billion and a P/E ratio of 27.30.
Colgate-Palmolive Company (NYSE:CL) last released its earnings data on Thursday, July 31st. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Analysts expect that Colgate-Palmolive Company will post $2.99 EPS for the current fiscal year.
In other Colgate-Palmolive Company news, Insider Andrew D. Hendry sold 10,000 shares of the stock on the open market in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $68.73, for a total value of $687,300.00. 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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