Colgate-Palmolive Company Price Target Lowered to $66.00 at Bernstein (CL)
Equities researchers at Bernstein decreased their price target on shares of Colgate-Palmolive Company (NYSE:CL) from $69.00 to $66.00 in a research report issued on Friday. Bernstein’s target price would suggest a potential upside of 3.21% from the company’s current price.
Colgate-Palmolive Company (NYSE:CL) traded up 0.87% during mid-day trading on Friday, hitting $63.95. The stock had a trading volume of 5,262,121 shares. Colgate-Palmolive Company has a 52 week low of $56.94 and a 52 week high of $70.11. The stock’s 50-day moving average is $68.17 and its 200-day moving average is $65.60. The company has a market cap of $58.539 billion and a P/E ratio of 27.30.
Colgate-Palmolive Company (NYSE:CL) last issued its quarterly 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. 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 Barclays reiterated an “overweight” rating on shares of Colgate-Palmolive Company in a research note on Friday. They now have a $69.00 price target on the stock, up previously from $68.00. Separately, 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. Finally, 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 issued a hold rating and six have given a buy rating to the company’s stock. Colgate-Palmolive Company currently has a consensus rating of “Hold” and an average target price of $68.00.
In other Colgate-Palmolive Company news, Insider Andrew D. Hendry sold 10,000 shares of Colgate-Palmolive Company 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 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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