Stocks of Colgate-Palmolive Co (NYSE:CL) traded higher last session on Wall Street, up 0.61% to $90.77.
CL stock price is now -10.28% away from the 50-day moving average and -4.23% away from the 200-day moving average. The market capitalization of the company currently stands at $74.16B.
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With the price target reduced from $105 to $101, Stifel Downgraded its rating from Buy to Hold for Colgate-Palmolive Co (NYSE: CL). On September 24, 2024, Piper Sandler recently initiated its ‘Overweight’ rating on the stock quoting a target price of $121, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, SUTULA STANLEY J III, Chief Financial Officer sold 45,410 shares of the company’s stock on Nov 05 ’24. The stock was sold for $4,273,426 at an average price of $94.11. Upon completion of the transaction, the Chief Financial Officer now directly owns 36,726 shares in the company, valued at $3.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 05 ’24, Officer SUTULA STANLEY J III bought 45,410 shares of the business’s stock. A total of $4,273,424 was incurred on buying the stock at an average price of $94.11. A total of 0.12% of the company’s stock is owned by insiders.
During the past 12 months, Colgate-Palmolive Co has had a low of $74.67 and a high of $109.30. As of last week, the company has a debt-to-equity ratio of 19.39, a current ratio of 1.04, and a quick ratio of 0.68. According to the stock market information, the enterprise value for the company is $81503084544, which is based on a 26.08 price-to-earnings ratio, a 3.00 price-to-earnings-growth ratio, and a beta of 0.41. The fifty day moving average price for CL is $101.4754 and a two-hundred day moving average price translates $94.7266 for the stock.
The latest earnings results from Colgate-Palmolive Co (NYSE: CL) was released for 2024-09-30. The net profit margin was 14.27% and return on equity was 1346.95% for CL. The company reported revenue of $5.03 billion for the quarter, compared to $4.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.4 percent.
