Colgate-Palmolive Co. (NYSE: CL): Reassessing Prospects

Colgate-Palmolive Co. (CL) concluded trading on Wednesday at a closing price of $88.10, with 4.43 million shares of worth about $390.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.51% during that period and on April 3, 2024 the price saw a loss of about -1.08%. Currently the company’s common shares owned by public are about 823.15M shares, out of which, 822.09M shares are available for trading.

Stock saw a price change of -0.90% in past 5 days and over the past one month there was a price change of 1.46%. Year-to-date (YTD), CL shares are showing a performance of 10.53% which increased to 17.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $67.62 but also hit the highest price of $90.37 during that period. The average intraday trading volume for Colgate-Palmolive Co. shares is 4.62 million. The stock is currently trading -0.57% below its 20-day simple moving average (SMA20), while that difference is up 2.45% for SMA50 and it goes to 12.66% higher than SMA200.

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Colgate-Palmolive Co. (NYSE: CL) currently have 823.15M outstanding shares and institutions hold larger chunk of about 85.86% of that.

The stock has a current market capitalization of $72.52B and its 3Y-monthly beta is at 0.41. PE ratio of stock for trailing 12 months is 31.73, while it has posted earnings per share of $2.78 in the same period. Its PEG reads 3.79 and has Quick Ratio of 0.71 while making debt-to-equity ratio of 14.88. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CL, volatility over the week remained 0.98% while standing at 1.04% over the month.

Analysts are in expectations that Colgate-Palmolive Co. (CL) stock would likely to be making an EPS of $0.81 in the current quarter, while forecast for next quarter EPS is $0.86 and it is $3.8 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.73 which is $0.87 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.73 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 8.10% while it is estimated to increase by 9.04% in next year. EPS is likely to grow at an annualized rate of 8.38% for next 5-years, compared to annual growth of 0.18% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on March 01, 2024 offering a Buy rating for the stock and assigned a target price of $93 to it. On December 15, 2023, BofA Securities Upgrade their recommendations, while on November 13, 2023, Jefferies Initiated their ratings for the stock with a price target of $87. Stock get a Buy rating from Stifel on October 16, 2023.

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