At the time of writing, Colgate-Palmolive Co. [CL] stock is trading at $86.15, down -0.12%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CL shares have gain 3.20% over the last week, with a monthly amount glided 6.07%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, Colgate Elects Brian Newman to Board of Directors. In a post published today on Yahoo Finance, Colgate-Palmolive Company (NYSE:CL) today announced that Brian Newman, Executive Vice President and Chief Financial Officer of United Parcel Service, Inc. (“UPS”), has been elected to Colgate’s Board of Directors effective March 15, 2024. The Company also announced that Mr. Stephen I. Sadove will retire from the Board effective May 10, 2024 at the end of his current term.
From an analyst’s perspective:
Colgate-Palmolive Co. [NYSE: CL] stock has seen the most recent analyst activity on January 29, 2024, when Raymond James upgraded its rating to a Outperform. Previously, BofA Securities upgraded its rating to Buy on December 15, 2023, and kept the price target unchanged to $90. On November 13, 2023, Jefferies initiated with a Buy rating and assigned a price target of $87 on the stock. Stifel upgraded its rating to a Buy and decreased its price target to $81 on October 16, 2023. HSBC Securities initiated its recommendation with a Buy and recommended $84 as its price target on September 22, 2023. Citigroup started tracking with a Buy rating for this stock on February 17, 2023, and assigned it a price target of $84. In a note dated January 30, 2023, Morgan Stanley upgraded an Overweight rating on this stock but restated the target price of $82.
For the past year, the stock price of Colgate-Palmolive Co. fluctuated between $67.62 and $86.82. Currently, Wall Street analysts expect the stock to reach $85.71 within the next 12 months. Colgate-Palmolive Co. [NYSE: CL] shares were valued at $86.15 at the most recent close of the market. An investor can expect a potential drop of -0.51% based on the average CL price forecast.
Analyzing the CL fundamentals
According to Colgate-Palmolive Co. [NYSE:CL], the company’s sales were 19.46B for trailing twelve months, which represents an 6.93% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 85.94 points at the first support level, and at 85.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 86.52, and for the 2nd resistance point, it is at 86.88.
Colgate-Palmolive Co. [CL] reported earnings per share of $0.87 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.85/share, meaning a difference of $0.02 and a surprise factor of 2.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.86 per share as compared to estimates of $0.8 per share, a difference of $0.06 representing a surprise of 7.50%.
Ratios To Look Out For
It is important to note that Colgate-Palmolive Co. [NYSE:CL] has a current ratio of 1.11. In addition, the Quick Ratio stands at 0.71 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 3.64, the price to book ratio is 116.20 and price to earnings (TTM) ratio is 31.03.
Transactions by insiders
Recent insider trading involved Wallace Noel R., Chairman, President & CEO, that happened on Feb 20 when 69948.0 shares were sold. CLO and Secretary, Daniels Jennifer completed a deal on Feb 20 to sell 3538.0 shares. Meanwhile, Grp Pres, Growth & Strategy Parameswaran Prabha sold 56836.0 shares on Feb 16.
