Colgate-Palmolive Co. (NYSE: CL) – Suitable For Long Term Buy?

Currently, there are 821.41M common shares owned by the public and among those 816.10M shares have been available to trade.

The company’s stock has a 5-day price change of -1.85% and 3.18% over the past three months. CL shares are trading 25.04% year to date (YTD), with the 12-month market performance up to 36.03% higher. It has a 12-month low price of $71.46 and touched a high of $109.30 over the same period. CL has an average intraday trading volume of 4.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.35%, -3.48%, and 6.10% respectively.

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Institutional ownership of Colgate-Palmolive Co. (NYSE: CL) shares accounts for 84.04% of the company’s 821.41M shares outstanding.

It has a market capitalization of $81.44B and a beta (3y monthly) value of 0.40. The stock’s trailing 12-month PE ratio is 28.97, while the earnings-per-share (ttm) stands at $3.44. The company has a PEG of 3.13 and a Quick Ratio of 0.70 with the debt-to-equity ratio at 70.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.39% over the week and 1.45% over the month.

Earnings per share for the fiscal year are expected to increase by 10.72%, and 8.79% over the next financial year. EPS should grow at an annualized rate of 9.26% over the next five years, compared to 0.18% over the past 5-year period.

Looking at the support for the CL, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on September 24, 2024, with the firm’s price target at $121. Wells Fargo coverage for the Colgate-Palmolive Co. (CL) stock in a research note released on September 16, 2024 offered a Underweight rating with a price target of $100. Jefferies on their part issued Hold rating on July 24, 2024.

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