Colgate-Palmolive Co. (NYSE:CL) shares traded -0.48% lower at $98.23 on Wall Street last session.
CL stock price is now 5.79% away from the 50-day moving average and 18.44% away from the 200-day moving average. The market capitalization of the company currently stands at $80.59B.
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With the price target of $109, Exane BNP Paribas recently initiated with Outperform rating for Colgate-Palmolive Co. (NYSE: CL). , while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Daniels Jennifer, CLO and Secretary sold 22,250 shares of the company’s stock on May 14 ’24. The stock was sold for $2,094,940 at an average price of $94.15. Upon completion of the transaction, the CLO and Secretary now directly owns 59,698 shares in the company, valued at $5.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, Chief Human Resources Officer Massey Sally sold 12,226 shares of the business’s stock. A total of $1,149,926 was realized by selling the stock at an average price of $94.06. This leaves the insider owning 13,924 shares of the company worth $1.37 million. A total of 0.10% of the company’s stock is owned by insiders.
During the past 12 months, Colgate-Palmolive Co. has had a low of $67.62 and a high of $99.08. As of last week, the company has a debt-to-equity ratio of 37.78, a current ratio of 1.06, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $88357928960, which is based on a 31.12 price-to-earnings ratio, a 3.69 price-to-earnings-growth ratio, and a beta of 0.39. The fifty day moving average price for CL is $93.0984 and a two-hundred day moving average price translates $83.0586 for the stock.
The latest earnings results from Colgate-Palmolive Co. (NYSE: CL) was released for 2024-03-31. The net profit margin was 13.22% and return on equity was 2331.25% for CL. The company reported revenue of $5.07 billion for the quarter, compared to $4.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.18 percent.
