Colgate-Palmolive Co. [NYSE: CL] stock went on an upward path that rose over 1.36% on Monday, amounting to a one-week price increase of more than 4.40%. The company report on January 26, 2024 at 6:55 AM that Colgate Announces 4th Quarter and Full Year 2023 Results.
4Q 2023 Net sales and Organic sales both increased 7.0%.
Full Year 2023 Net sales and Organic sales both increased 8.5%.
Over the last 12 months, CL stock rose by 11.16%. The one-year Colgate-Palmolive Co. stock forecast points to a potential upside of 5.52. The average equity rating for CL stock is currently 1.91, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $69.13 billion, with 830.21 million shares outstanding and 822.38 million shares in the current float. Compared to the average trading volume of 4.65M shares, CL stock reached a trading volume of 6425530 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Colgate-Palmolive Co. [CL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CL shares is $88.87 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 1.91. 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.
Raymond James have made an estimate for Colgate-Palmolive Co. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on Jan-30-24.
The Average True Range (ATR) for Colgate-Palmolive Co. is set at 1.16, with the Price to Sales ratio for CL stock in the period of the last 12 months amounting to 3.55. Price to Free Cash Flow for CL in the course of the last twelve months was 22.74 with Quick ratio for the last quarter at 0.76.
CL Stock Performance Analysis:
Colgate-Palmolive Co. [CL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.40. With this latest performance, CL shares gained by 6.14% in over the last four-week period, additionally plugging by 11.03% over the last 6 months – not to mention a rise of 11.16% 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 70.24, with the RSI for the last a single of trading hit 74.01, and the three-weeks RSI is set at 67.63 for Colgate-Palmolive Co. [CL]. The present Moving Average for the last 50 days of trading for this stock 78.91, while it was recorded at 81.90 for the last single week of trading, and 76.27 for the last 200 days.
Insight into Colgate-Palmolive Co. Fundamentals:
Colgate-Palmolive Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.76 and a Current Ratio set at 1.20.
CL Stock EPS
With the latest financial reports released by the company, Colgate-Palmolive Co. posted 0.73/share EPS, while the average EPS was predicted by analysts to be reported at 0.7/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.30%. 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 Co. go to 8.18%.
Colgate-Palmolive Co. [CL] Institutonal Ownership Details
The top three institutional holders of CL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CL stock with ownership which is approximately 5.8325%.
