Stifel Nicolaus Has Lowered Expectations for Colgate-Palmolive (NYSE:CL) Stock Price

Colgate-Palmolive (NYSE:CL) had its price target dropped by analysts at Stifel Nicolaus from $95.00 to $93.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 7.44% from the stock’s current price.

CL has been the subject of several other reports. Morgan Stanley cut their price target on shares of Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating for the company in a report on Monday. Raymond James reissued an “outperform” rating and issued a $105.00 target price (down from $110.00) on shares of Colgate-Palmolive in a report on Monday. JPMorgan Chase & Co. dropped their price target on Colgate-Palmolive from $109.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Piper Sandler reduced their price objective on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, UBS Group lowered their target price on Colgate-Palmolive from $112.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $101.16.

Colgate-Palmolive Stock Down 0.5 %

NYSE CL opened at $86.56 on Monday. Colgate-Palmolive has a 1-year low of $82.68 and a 1-year high of $109.30. The company has a market capitalization of $70.72 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 3.61 and a beta of 0.44. The stock’s 50 day moving average is $91.19 and its two-hundred day moving average is $97.07. The company has a current ratio of 0.41, a quick ratio of 0.26 and a debt-to-equity ratio of 9.46.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. Colgate-Palmolive had a return on equity of 477.77% and a net margin of 14.38%. During the same period last year, the business posted $0.87 EPS. Equities analysts forecast that Colgate-Palmolive will post 3.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CL. Chicago Partners Investment Group LLC increased its position in shares of Colgate-Palmolive by 16.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 6,752 shares of the company’s stock valued at $591,000 after buying an additional 943 shares in the last quarter. Peak Financial Advisors LLC acquired a new position in Colgate-Palmolive in the fourth quarter valued at about $1,315,000. Gordian Advisors LLC bought a new stake in shares of Colgate-Palmolive in the third quarter worth about $602,000. Carrera Capital Advisors raised its stake in Colgate-Palmolive by 23.1% in the 3rd quarter. Carrera Capital Advisors now owns 39,170 shares of the company’s stock valued at $4,066,000 after acquiring an additional 7,353 shares during the period. Finally, Fiduciary Alliance LLC acquired a new stake in Colgate-Palmolive during the 4th quarter valued at $4,066,000. Institutional investors own 80.41% of the company’s stock.

About Colgate-Palmolive

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.