Colgate-Palmolive (NYSE:CL) Now Covered by StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Colgate-Palmolive (NYSE:CLGet Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

Other analysts have also issued reports about the stock. Wells Fargo & Company reduced their price objective on shares of Colgate-Palmolive from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Monday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Colgate-Palmolive from $81.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, January 13th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Colgate-Palmolive from $87.00 to $84.00 in a research report on Monday, January 30th. Wolfe Research assumed coverage on shares of Colgate-Palmolive in a research report on Monday, November 21st. They issued a “market perform” rating on the stock. Finally, Citigroup assumed coverage on shares of Colgate-Palmolive in a research report on Thursday, February 16th. They set a “buy” rating and a $84.00 target price on the stock. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Colgate-Palmolive currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.09.

Colgate-Palmolive Stock Up 1.0 %

Shares of NYSE:CL opened at $72.93 on Thursday. The company has a current ratio of 1.28, a quick ratio of 0.76 and a debt-to-equity ratio of 10.84. Colgate-Palmolive has a 12 month low of $67.84 and a 12 month high of $83.81. The company has a 50-day moving average price of $74.45 and a 200 day moving average price of $75.14. The company has a market cap of $60.56 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 3.71 and a beta of 0.48.

Colgate-Palmolive (NYSE:CLGet Rating) last posted its quarterly earnings data on Friday, January 27th. The company reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. Colgate-Palmolive had a net margin of 9.93% and a return on equity of 317.08%. The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.58 billion. During the same period in the prior year, the company posted $0.79 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that Colgate-Palmolive will post 3.1 earnings per share for the current year.

Hedge Funds Weigh In On Colgate-Palmolive

Several institutional investors have recently bought and sold shares of the business. Accurate Wealth Management LLC acquired a new stake in Colgate-Palmolive in the fourth quarter valued at approximately $27,000. Hallmark Capital Management Inc. boosted its stake in Colgate-Palmolive by 158.2% in the third quarter. Hallmark Capital Management Inc. now owns 408 shares of the company’s stock valued at $29,000 after acquiring an additional 250 shares in the last quarter. RFP Financial Group LLC acquired a new stake in Colgate-Palmolive in the fourth quarter valued at approximately $33,000. Capital Advisors Ltd. LLC boosted its stake in Colgate-Palmolive by 36.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 704 shares of the company’s stock valued at $33,000 after acquiring an additional 188 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in Colgate-Palmolive in the third quarter valued at approximately $35,000. 77.63% of the stock is owned by hedge funds and other institutional investors.

Colgate-Palmolive Company Profile

(Get Rating)

Colgate-Palmolive Co is engaged in the manufacturing and distribution of consumer products. It operates through the Oral, Personal and Home Care, and Pet Nutrition segments. The Oral, Personal and Home Care segment represents North America, Latin America, Europe, Asia Pacific, and Africa or Eurasia, all of which sell to a variety of retail and wholesale customers and distributors.

Further Reading

Analyst Recommendations for Colgate-Palmolive (NYSE:CL)

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