For Colgate-Palmolive Company [CL], Analyst sees a rise to $83. What next?


Colgate-Palmolive Company [NYSE: CL] stock went on a downward path that fall over -0.45% on Wednesday, amounting to a one-week price decrease of less than -0.52%. The company report on March 10, 2022 that Colgate Announces its 60th Consecutive Annual Dividend Increase and New $5 Billion Share Repurchase Program.

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The Board of Directors of Colgate-Palmolive Company (NYSE:CL) today declared a quarterly common stock cash dividend of $0.47 per share, an increase of $0.02, payable on May 13, 2022 to shareholders of record on April 21, 2022. The Company has paid uninterrupted dividends on its common stock since 1895.

The Board of Directors today also authorized the repurchase of shares of the Company’s common stock having an aggregate purchase price of up to $5 billion under a new share repurchase program, which replaced the Company’s previous $5 billion share repurchase program authorized in 2018. Repurchases under the new program will be made from time to time in open market or privately negotiated transactions at the Company’s discretion and in accordance with requirements of the Securities and Exchange Commission (SEC). The Company will commence the repurchase of shares of the Company’s common stock under the new program after March 10, 2022. As of January 31, 2022, the Company had approximately 840 million shares of common stock outstanding.

Over the last 12 months, CL stock dropped by -0.86%. The one-year Colgate-Palmolive Company stock forecast points to a potential upside of 13.93. The average equity rating for CL stock is currently 2.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $63.16 billion, with 842.30 million shares outstanding and 839.70 million shares in the current float. Compared to the average trading volume of 4.88M shares, CL stock reached a trading volume of 4519909 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $87.31 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.

Bernstein have made an estimate for Colgate-Palmolive Company shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on February 02, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $78 to $76. The new note on the price target was released on January 31, 2022, representing the official price target for Colgate-Palmolive Company stock. Previously, the target price had yet another raise from $90 to $91, while Morgan Stanley kept a Equal-Weight rating on CL stock. On January 31, 2022, analysts decreased their price target for CL shares from 91 to 90.

The Average True Range (ATR) for Colgate-Palmolive Company is set at 1.59, with the Price to Sales ratio for CL stock in the period of the last 12 months amounting to 3.63. The Price to Book ratio for the last quarter was 104.38, with the Price to Cash per share for the same quarter was set at 1.03. Price to Free Cash Flow for CL in the course of the last twelve months was 58.54 with Quick ratio for the last quarter at 0.70.

CL Stock Performance Analysis:

Colgate-Palmolive Company [CL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.52. With this latest performance, CL shares dropped by -5.19% in over the last four-week period, additionally sinking by -2.67% over the last 6 months – not to mention a drop of -0.86% 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 40.13, with the RSI for the last a single of trading hit 42.06, and the three-weeks RSI is set at 40.18 for Colgate-Palmolive Company [CL]. The present Moving Average for the last 50 days of trading for this stock 80.09, while it was recorded at 74.44 for the last single week of trading, and 79.49 for the last 200 days.

Insight into Colgate-Palmolive Company Fundamentals:

Colgate-Palmolive Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.10.

CL Stock EPS

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 6.64%.

Colgate-Palmolive Company [CL] Insider Position Details

There are presently around $49,980 million, or 81.00% of CL stock, in the hands of institutional investors. The top three institutional holders of CL stocks are: VANGUARD GROUP INC with ownership of 76,746,614, which is approximately 0.698% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 65,218,485 shares of the stock with an approximate value of $4.92 billion in CL stocks shares; and STATE STREET CORP, currently with $3.72 billion in CL stock with ownership of nearly 1.553% of the company’s market capitalization.

Positions in Colgate-Palmolive Company stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 775 institutional holders increased their position in Colgate-Palmolive Company [NYSE:CL] by around 40,758,768 shares. Additionally, 704 investors decreased positions by around 39,362,569 shares, while 318 investors held positions by with 581,956,655 shares. The mentioned changes placed institutional holdings at 662,077,992 shares, according to the latest SEC report filing. CL stock had 210 new institutional investments in for a total of 4,790,928 shares, while 95 institutional investors sold positions of 4,401,248 shares during the same period.