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.
Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.