Colgate-Palmolive Company Given Average Rating of “Hold” by Brokerages (NYSE:CL)
Colgate-Palmolive Company (NYSE:CL) has earned a consensus recommendation of “Hold” from the eighteen ratings firms that are currently covering the company, Analyst Ratings Network reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $68.00.
A number of research firms have recently commented on CL. Analysts at Bernstein cut their price target on shares of Colgate-Palmolive Company from $69.00 to $66.00 in a research note on Friday. Separately, 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. Finally, 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.
Shares of Colgate-Palmolive Company (NYSE:CL) traded up 0.08% during mid-day trading on Monday, hitting $64.00. The stock had a trading volume of 989,546 shares. Colgate-Palmolive Company has a 1-year low of $56.94 and a 1-year 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 $58.452 billion and a price-to-earnings ratio of 26.73.
Colgate-Palmolive Company (NYSE:CL) last released its earnings data on Thursday, July 31st. The company reported $0.73 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.70 earnings per share. Colgate-Palmolive Company’s revenue was up .1% compared to the same quarter last year. Analysts expect that Colgate-Palmolive Company will post $2.97 EPS for the current fiscal year.
In other Colgate-Palmolive Company news, Insider Andrew D. Hendry unloaded 10,000 shares of Colgate-Palmolive Company stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $68.73, for a total transaction of $687,300.00. The transaction was disclosed in a legal filing 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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