At the time of writing, Colgate-Palmolive Co. [CL] stock is trading at $105.79, down -0.12%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CL shares have gain 2.24% over the last week, with a monthly amount glided 5.27%, 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.
For the past year, the stock price of Colgate-Palmolive Co. fluctuated between $67.62 and $106.04. 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 $105.79 at the most recent close of the market. An investor can expect a potential drop of -14.22% based on the average CL price forecast.
Analyzing the CL fundamentals
According to Colgate-Palmolive Co. [NYSE:CL], the company’s sales were 19.99B for trailing twelve months, which represents an 4.89% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of70.54.
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 105.11 points at the first support level, and at 104.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 106.60, and for the 2nd resistance point, it is at 107.40.
Ratios To Look Out For
It is important to note that Colgate-Palmolive Co. [NYSE:CL] has a current ratio of 1.06. Further, the Quick Ratio stands at 0.70, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 4.32, the price to book ratio is 702.78 and price to earnings (TTM) ratio is 30.75.
Transactions by insiders
Recent insider trading involved HUNDMEJEAN MARTINA, Director, that happened on Aug 23 ’24 when 2313.0 shares were sold. Director, HUNDMEJEAN MARTINA completed a deal on Aug 23 ’24 to buy 2313.0 shares. Meanwhile, Grp Pres, Eur& Developing Mkts Tsourapas Panagiotis sold 14794.0 shares on Aug 08 ’24.
