Colgate-Palmolive Company [CL] Stock trading around $84.09 per share: What’s Next?

Colgate-Palmolive Company [NYSE: CL] jumped around 0.81 points on Monday, while shares priced at $84.09 at the close of the session, up 0.97%. The company report on July 23, 2021 that Colgate Recommends Shareholders Reject “Mini-Tender” Offer By TRC Capital Investment Corporation.

Colgate-Palmolive Company (“Colgate”) has received notification of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (“TRC”) to purchase up to 1.5 million shares, or approximately 0.18% of the outstanding common stock of Colgate as of March 31, 2021, at a price of $80.63 per share in cash. TRC’s offer price is 4.46% less than the $84.39 closing price per share of Colgate’s common stock on July 16, 2021, the last trading day before the mini-tender offer commenced.

Colgate does not endorse TRC’s mini-tender offer and recommends that Colgate stockholders do not tender their shares in response to the offer because the offer is at a price below the current market price for Colgate’s shares. The offer is also subject to numerous conditions, including TRC’s ability to obtain sufficient financing to consummate the offer. Colgate also recommends that any stockholders who have tendered shares to TRC withdraw those shares by providing the written notice described in the offering documentation before the expiration of the offer, which is currently scheduled for 12:01am New York time on August 17, 2021.

Colgate-Palmolive Company stock is now -1.66% down from its year-to-date (YTD) trading value. CL Stock saw the intraday high of $84.30 and lowest of $82.945 per share. The company’s 52-week high price is 86.41, which means current price is +13.42% above from all time high which was touched on 01/04/21.

Compared to the average trading volume of 3.96M shares, CL reached a trading volume of 5737195 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Colgate-Palmolive Company [CL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CL shares is $86.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CL stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for Colgate-Palmolive Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 24, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $80 to $95. The new note on the price target was released on June 09, 2021, representing the official price target for Colgate-Palmolive Company stock. Previously, the target price had yet another raise from $70 to $80, while Credit Suisse kept a Neutral rating on CL stock.

The Average True Range (ATR) for Colgate-Palmolive Company is set at 1.15, with the Price to Sales ratio for CL stock in the period of the last 12 months amounting to 4.18. The Price to Book ratio for the last quarter was 271.26, with the Price to Cash per share for the same quarter was set at 1.27. Price to Free Cash Flow for CL in the course of the last twelve months was 47.98 with Quick ratio for the last quarter at 0.60.

How has CL stock performed recently?

Colgate-Palmolive Company [CL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.14. With this latest performance, CL shares gained by 4.38% in over the last four-week period, additionally plugging by 6.97% over the last 6 months – not to mention a rise of 13.15% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CL stock in for the last two-week period is set at 59.13, with the RSI for the last a single of trading hit 62.04, and the three-weeks RSI is set at 57.34 for Colgate-Palmolive Company [CL]. The present Moving Average for the last 50 days of trading for this stock 82.83, while it was recorded at 82.82 for the last single week of trading, and 81.22 for the last 200 days.

Colgate-Palmolive Company [CL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Colgate-Palmolive Company [CL] shares currently have an operating margin of +23.74 and a Gross Margin at +60.31. Colgate-Palmolive Company’s Net Margin is presently recorded at +16.36.

Return on Total Capital for CL is now 42.61, given the latest momentum, and Return on Invested Capital for the company is 32.68. Return on Equity for this stock inclined to 626.74, with Return on Assets sitting at 17.41. When it comes to the capital structure of this company, Colgate-Palmolive Company [CL] has a Total Debt to Total Equity ratio set at 1,105.52. Additionally, CL Total Debt to Total Capital is recorded at 91.70, with Total Debt to Total Assets ending up at 51.60. Long-Term Debt to Equity for the company is recorded at 1,051.14, with the Long-Term Debt to Total Capital now at 87.19.

Reflecting on the efficiency of the workforce at the company, Colgate-Palmolive Company [CL] managed to generate an average of $78,801 per employee. Receivables Turnover for the company is 12.18 with a Total Asset Turnover recorded at a value of 1.06.Colgate-Palmolive Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.00.

Earnings analysis for Colgate-Palmolive Company [CL]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Colgate-Palmolive Company go to 7.89%.

Insider trade positions for Colgate-Palmolive Company [CL]

There are presently around $55,236 million, or 79.80% of CL stock, in the hands of institutional investors. The top three institutional holders of CL stocks are: VANGUARD GROUP INC with ownership of 74,338,221, which is approximately -1.743% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 61,053,242 shares of the stock with an approximate value of $5.13 billion in CL stocks shares; and STATE STREET CORP, currently with $4.06 billion in CL stock with ownership of nearly -4.544% of the company’s market capitalization.

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Positions in Colgate-Palmolive Company stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 689 institutional holders increased their position in Colgate-Palmolive Company [NYSE:CL] by around 45,078,918 shares. Additionally, 711 investors decreased positions by around 55,559,166 shares, while 332 investors held positions by with 556,232,752 shares. The mentioned changes placed institutional holdings at 656,870,836 shares, according to the latest SEC report filing. CL stock had 115 new institutional investments in for a total of 2,936,182 shares, while 120 institutional investors sold positions of 2,737,474 shares during the same period.

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