At the time of writing, Colgate-Palmolive Co. [CL] stock is trading at $103.06, down -0.67%. An important factor to consider is whether the stock is rising or falling in short-term value. The CL shares have gain 1.03% over the last week, with a monthly amount drifted -2.70%, and not 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 September 24, 2024, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $121. Previously, Wells Fargo downgraded its rating to Underweight on September 16, 2024, and kept the price target unchanged to $100. On September 09, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $109 on the stock. HSBC Securities downgraded its rating to a Hold. Jefferies downgraded its rating to a Hold and reduced its price target to $95 on July 24, 2024. TD Cowen started tracking with a Buy rating for this stock on July 23, 2024, and assigned it a price target of $110. In a note dated June 24, 2024, Exane BNP Paribas initiated an Outperform rating and provided a target price of $109 on this stock.
For the past year, the stock price of Colgate-Palmolive Co. fluctuated between $67.62 and $109.30. Currently, Wall Street analysts expect the stock to reach $93.65 within the next 12 months. Colgate-Palmolive Co. [NYSE: CL] shares were valued at $103.06 at the most recent close of the market. An investor can expect a potential drop of -9.13% 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. 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 102.20 points at the first support level, and at 101.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.97, and for the 2nd resistance point, it is at 104.89.
Ratios To Look Out For
It is important to note that Colgate-Palmolive Co. [NYSE:CL] has a current ratio of 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 4.21, the price to book ratio is 684.65 and price to earnings (TTM) ratio is 29.96.
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.
