Colgate-Palmolive Co. [CL] stock is trading at $86.17, up 0.37%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CL shares have lost -1.77% over the last week, with a monthly amount drifted -2.47%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Raymond James upgraded its rating to Outperform on January 29, 2024. On December 15, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $90 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $87 on November 13, 2023. Stifel upgraded its rating to a Buy and reduced its price target to $81 on October 16, 2023. HSBC Securities started tracking with a Buy rating for this stock on September 22, 2023, and assigned it a price target of $84. In a note dated February 17, 2023, Citigroup initiated an Buy rating and provided a target price of $84 on this stock.
Colgate-Palmolive Co. [CL] stock has fluctuated between $67.62 and $90.37 over the past year. Currently, Wall Street analysts expect the stock to reach $86.8 within the next 12 months. Colgate-Palmolive Co. [NYSE: CL] shares were valued at $86.17 at the most recent close of the market. An investor can expect a potential return of 0.73% based on the average CL price forecast.
Analyzing the CL fundamentals
Colgate-Palmolive Co. [NYSE:CL] reported sales of 19.46B for the trailing twelve months, which represents a growth of 6.93%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 17.36 and Total Capital is 0.35. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 14.19.
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 85.88 points at the first support level, and at 85.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 86.67, and for the 2nd resistance point, it is at 87.18.
Ratios To Look Out For
For context, Colgate-Palmolive Co.’s Current Ratio is 1.11. As well, the Quick Ratio is 0.71, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 3.65, the price to book ratio is 116.22 and price to earnings (TTM) ratio is 31.04.
Transactions by insiders
Recent insider trading involved Wallace Noel R., Chairman, President & CEO, that happened on Feb 20 ’24 when 69948.0 shares were sold. CLO and Secretary, Daniels Jennifer completed a deal on Feb 20 ’24 to sell 3538.0 shares. Meanwhile, Grp Pres, Growth & Strategy Parameswaran Prabha sold 56836.0 shares on Feb 16 ’24.
