Colgate-Palmolive Company Earns AA Credit Rating from Morningstar (CL)
Colgate-Palmolive Company (NYSE:CL) has been given an “AA” credit rating by Morningstar. The agency’s “AA” rating suggests that the company is a very-low default risk. They also issued a neutral credit outlook for the company and gave their stock a three star rating.
A number of other firms have also recently commented on CL. Analysts at Zacks reiterated a “neutral” rating on shares of Colgate-Palmolive Company in a research note on Thursday, August 14th. They now have a $68.00 price target on the stock. Separately, 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, August 1st. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Colgate-Palmolive Company in a research note on Friday, August 1st. They now have a $69.00 price target on the stock, up previously from $68.00. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $67.86.
Shares of Colgate-Palmolive Company (NYSE:CL) opened at 64.31 on Friday. Colgate-Palmolive Company has a 52 week low of $57.47 and a 52 week high of $70.11. The stock’s 50-day moving average is $65.4 and its 200-day moving average is $65.94. The company has a market cap of $58.735 billion and a P/E ratio of 26.93.
Colgate-Palmolive Company (NYSE:CL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.73 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts predict that Colgate-Palmolive Company will post $2.97 earnings per share for the current fiscal year.
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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