Colgate-Palmolive Co. [NYSE: CL] gained 0.81% or 0.69 points to close at $86.00 with a heavy trading volume of 4043719 shares. The company report on February 15, 2024 at 4:30 PM that Colgate Elects Brian Newman to Board of Directors.
Colgate-Palmolive Company (NYSE:CL) today announced that Brian Newman, Executive Vice President and Chief Financial Officer of United Parcel Service, Inc. (“UPS”), has been elected to Colgate’s Board of Directors effective March 15, 2024. The Company also announced that Mr. Stephen I. Sadove will retire from the Board effective May 10, 2024 at the end of his current term.
Brian Newman, 55, brings extensive financial and global business leadership experience and expertise in the consumer products industry to Colgate’s board. Mr. Newman joined UPS, a global package delivery company and provider of supply chain management solutions, in 2019. Prior to joining UPS, Mr. Newman spent 26 years at PepsiCo, where he served in a variety of finance leadership roles spanning Europe, Asia and North and South America. He also served as Executive Vice President for PepsiCo’s Global Operations, responsible for global operations including supply chain, global procurement, global security, enterprise risk management and transformation, and as PepsiCo’s Chief Strategy Officer.
The daily chart for CL points out that the company has recorded 16.99% gains over the past six months.
If we look at the average trading volume of 4.91M shares, CL reached to a volume of 4043719 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 1.77. 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 new note on the price target was released on December 15, 2023, representing the official price target for Colgate-Palmolive Co. stock. Previously, the target price had yet another raise to $87, while Jefferies analysts kept a Buy rating on CL stock. On October 16, 2023, analysts decreased their price target for CL shares from 85 to 81.
The Average True Range (ATR) for Colgate-Palmolive Co. is set at 1.23, with the Price to Sales ratio for CL stock in the period of the last 12 months amounting to 3.64. The Price to Book ratio for the last quarter was 116.00, with the Price to Cash per share for the same quarter was set at 1.39. Price to Free Cash Flow for CL in the course of the last twelve months was 23.29 with Quick ratio for the last quarter at 0.71.
Trading performance analysis for CL stock
Colgate-Palmolive Co. [CL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.74. With this latest performance, CL shares gained by 5.64% in over the last four-week period, additionally plugging by 16.99% over the last 6 months – not to mention a rise of 15.81% 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 69.17, with the RSI for the last a single of trading hit 73.73, and the three-weeks RSI is set at 66.82 for Colgate-Palmolive Co. [CL]. The present Moving Average for the last 50 days of trading for this stock 81.30, while it was recorded at 84.59 for the last single week of trading, and 76.80 for the last 200 days.
Colgate-Palmolive Co. [CL]: A deeper dive into fundamental analysis
Colgate-Palmolive Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.71 and a Current Ratio set at 1.11.
Colgate-Palmolive Co. [CL]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at Colgate-Palmolive Co. [CL]
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%.
