Colgate-Palmolive Company Rating Reiterated by Barclays (CL)

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Barclays reissued their overweight rating on shares of Colgate-Palmolive Company (NYSE:CL) in a research note released on Friday morning. They currently have a $69.00 target price on the stock, up from their previous target price of $68.00.

In other Colgate-Palmolive Company news, Insider Andrew D. Hendry sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $68.73, for a total transaction of $687,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets upgraded shares of Colgate-Palmolive Company from a market perform rating to an outperform rating in a research note on Tuesday, June 10th. They now have a $75.00 price target on the stock, up previously from $66.00. Analysts at Zacks reiterated a neutral rating on shares of Colgate-Palmolive Company in a research note on Tuesday, May 6th. They now have a $70.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $68.00.

Colgate-Palmolive Company (NYSE:CL) traded down 0.30% during mid-day trading on Friday, hitting $63.76. The stock had a trading volume of 4,342,360 shares. Colgate-Palmolive Company has a one year low of $56.94 and a one year high of $70.11. The stock has a 50-day moving average of $68.17 and a 200-day moving average of $65.60. The company has a market cap of $58.233 billion and a P/E ratio of 26.73.

Colgate-Palmolive Company (NYSE:CL) last announced its earnings results on Thursday, July 31st. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts predict that Colgate-Palmolive Company will post $2.97 earnings per share for the current fiscal year.

Colgate-Palmolive Company (NYSE:CL) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world.

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