Colgate-Palmolive Co. (CL) concluded trading on Wednesday at a closing price of $97.39, with 2.74 million shares of worth about $266.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.13% during that period and on July 10, 2024 the price saw a gain of about 0.36%. Currently the company’s common shares owned by public are about 821.41M shares, out of which, 819.58M shares are available for trading.
Stock saw a price change of 1.32% in past 5 days and over the past one month there was a price change of 3.73%. Year-to-date (YTD), CL shares are showing a performance of 22.18% which increased to 28.33% 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 $99.08 during that period. The average intraday trading volume for Colgate-Palmolive Co. shares is 4.33 million. The stock is currently trading 1.03% above its 20-day simple moving average (SMA20), while that difference is up 3.00% for SMA50 and it goes to 15.94% higher than SMA200.
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Colgate-Palmolive Co. (NYSE: CL) currently have 821.41M outstanding shares and institutions hold larger chunk of about 86.52% of that.
The stock has a current market capitalization of $79.90B and its 3Y-monthly beta is at 0.39. PE ratio of stock for trailing 12 months is 30.85, while it has posted earnings per share of $3.16 in the same period. Its PEG reads 3.66 and has Quick Ratio of 0.70 while making debt-to-equity ratio of 37.78. 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 0.99% while standing at 1.23% over the month.
Stock’s fiscal year EPS is expected to rise by 9.11% while it is estimated to increase by 9.03% in next year. EPS is likely to grow at an annualized rate of 8.44% 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 Exane BNP Paribas on June 24, 2024 offering an Outperform rating for the stock and assigned a target price of $109 to it. Coverage by Goldman stated Colgate-Palmolive Co. (CL) stock as a Buy in their note to investors on March 01, 2024, suggesting a price target of $93 for the stock. On January 29, 2024, Raymond James Upgrade their recommendations, while on December 15, 2023, BofA Securities Upgrade their ratings for the stock with a price target of $90. Stock get a Buy rating from Jefferies on November 13, 2023.
