Colgate-Palmolive Co. (NYSE: CL): Analyst View Points To Future Growth

Colgate-Palmolive Co. (CL) concluded trading on Wednesday at a closing price of $102.06, with 4.24 million shares of worth about $432.5 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.85% during that period and on October 02, 2024 the price saw a loss of about -0.26%. Currently the company’s common shares owned by public are about 821.41M shares, out of which, 816.10M shares are available for trading.

Stock saw a price change of -1.63% in past 5 days and over the past one month there was a price change of -5.31%. Year-to-date (YTD), CL shares are showing a performance of 28.04% which increased to 44.23% 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 $109.30 during that period. The average intraday trading volume for Colgate-Palmolive Co. shares is 4.01 million. The stock is currently trading -2.77% below its 20-day simple moving average (SMA20), while that difference is down -1.19% for SMA50 and it goes to 10.54% 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 83.93% of that.

The stock has a current market capitalization of $83.39B and its 3Y-monthly beta is at 0.40. PE ratio of stock for trailing 12 months is 29.67, while it has posted earnings per share of $3.44 in the same period. Its PEG reads 3.37 and has Quick Ratio of 0.70 while making debt-to-equity ratio of 70.54. 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 1.22% while standing at 1.25% over the month.

Stock’s fiscal year EPS is expected to rise by 10.65% while it is estimated to increase by 8.96% in next year. EPS is likely to grow at an annualized rate of 8.81% 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 Piper Sandler on September 24, 2024 offering an Overweight rating for the stock and assigned a target price of $121 to it. Coverage by Wells Fargo stated Colgate-Palmolive Co. (CL) stock as an Underweight in their note to investors on September 16, 2024, suggesting a price target of $100 for the stock. Stock get a Hold rating from Jefferies on July 24, 2024.

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