Colgate-Palmolive Co. [NYSE: CL] price surged by 0.29 percent to reach at $0.24. The company report on February 7, 2024 at 9:30 AM that Colgate-Palmolive Webcasts Presentation at The Consumer Analyst Group of New York Conference.
Colgate-Palmolive (NYSE:CL) Chairman, President and CEO, Noel Wallace, and Chief Analytics and Insights Officer, Diana Schildhouse will present on Friday, February 23, 2024 at 8:00 am ET at the Consumer Analyst Group of New York Conference.
Investors may access a live webcast of this presentation and the presentation slides on Colgate’s website at www.colgatepalmolive.com. For those unable to participate during the live webcast, a recorded version of the webcast will be made available through the ‘Investor Center’ page of Colgate’s website.
The one-year CL stock forecast points to a potential downside of -2.41. The average equity rating for CL stock is currently 1.83, trading closer to a bullish pattern in the stock market.
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 $81.74 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 1.83. 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 January 29, 2024.
The Average True Range (ATR) for Colgate-Palmolive Co. is set at 1.19, with the Price to Sales ratio for CL stock in the period of the last 12 months amounting to 3.54. Price to Free Cash Flow for CL in the course of the last twelve months was 22.67 with Quick ratio for the last quarter at 0.76.
CL Stock Performance Analysis:
Colgate-Palmolive Co. [CL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.18. With this latest performance, CL shares gained by 4.08% in over the last four-week period, additionally plugging by 12.15% over the last 6 months – not to mention a rise of 13.47% 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 58.33, with the RSI for the last a single of trading hit 55.79, and the three-weeks RSI is set at 59.45 for Colgate-Palmolive Co. [CL]. The present Moving Average for the last 50 days of trading for this stock 80.62, while it was recorded at 83.69 for the last single week of trading, and 76.71 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 8.38%.
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%.
