A share price of Colgate-Palmolive Co. [CL] is currently trading at $102.81, up 1.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The CL shares have gain 3.44% over the last week, with a monthly amount glided 7.22%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Colgate-Palmolive Co. [NYSE: CL] stock has seen the most recent analyst activity on July 26, 2024, when HSBC Securities downgraded its rating to a Hold. Previously, Jefferies downgraded its rating to Hold on July 24, 2024, and dropped its price target to $95. On July 23, 2024, TD Cowen initiated with a Buy rating and assigned a price target of $110 on the stock. Exane BNP Paribas started tracking the stock assigning a Outperform rating and suggested a price target of $109 on June 24, 2024. Raymond James upgraded its rating to Outperform for this stock on January 29, 2024. In a note dated December 15, 2023, BofA Securities upgraded an Buy rating on this stock but restated the target price of $90.
Colgate-Palmolive Co. experienced fluctuations in its stock price throughout the past year between $67.62 and $101.42. Currently, Wall Street analysts expect the stock to reach $90.75 within the next 12 months. Colgate-Palmolive Co. [NYSE: CL] shares were valued at $102.81 at the most recent close of the market. An investor can expect a potential drop of -11.73% based on the average CL price forecast.
Analyzing the CL fundamentals
Trailing Twelve Months sales for Colgate-Palmolive Co. [NYSE:CL] were 19.99B which represents 4.89% growth. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 11.92 and Total Capital is 0.4. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 70.54.
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 101.21 points at the first support level, and at 99.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.88, and for the 2nd resistance point, it is at 104.95.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Colgate-Palmolive Co. [NYSE:CL] is 1.06. On the other hand, the Quick Ratio is 0.70, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 4.20, the price to book ratio is 682.99 and price to earnings (TTM) ratio is 29.88.
Transactions by insiders
Recent insider trading involved Tsourapas Panagiotis, Officer, that happened on Jul 31 ’24 when 40000.0 shares were purchased. Grp Pres, Eur& Developing Mkts, Tsourapas Panagiotis completed a deal on Jul 31 ’24 to sell 40000.0 shares. Meanwhile, CLO and Secretary Daniels Jennifer sold 22250.0 shares on May 14 ’24.
