Citigroup Maintains Colgate-Palmolive Company to Buy with Price Target $82.00

Brokerage firm Citigroup Maintains its rating on Colgate-Palmolive Company(NYSE:CL). In a research note issued to the investors, the brokerage major Raises the price-target to $82.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Apr 14, 2016.

In a different note, On Mar 21, 2016, Barclays said it Maintains its rating on Colgate-Palmolive Company. In the research note, the firm Raises the price-target to $69.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Feb 26, 2016, Sterne Agee CRT said it Downgrades its rating on Colgate-Palmolive Company. The shares have been rated ‘Neutral’ by the firm. On Feb 1, 2016, B. Riley said it Maintains its rating on Colgate-Palmolive Company. In the research note, the firm Lowers the price-target to $75.00 per share. The shares have been rated ‘Neutral’ by the firm.

Colgate-Palmolive Company (CL) made into the market gainers list on Mondays trading session with the shares advancing 0.10% or 0.07 points. Due to strong positive momentum, the stock ended at $71.32, which is also near the day’s high of $71.4665. The stock began the session at $70.9 and the volume stood at 21,52,656 shares. The 52-week high of the shares is $71.5 and the 52 week low is $50.84. The company has a current market capitalization of $63,670 M and it has 89,27,38,520 shares in outstanding.

Colgate-Palmolive Company has also declared a cash dividend of $0.3900 on Mar 10, 2016. The shares will quote ex-dividend on Apr 20, 2016 and the record date has been fixed on Apr 22, 2016. The dividend payable date has been fixed on May 16, 2016.

Colgate-Palmolive Company(CL) last announced its earnings results on Jan 29, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $3.90B. Analysts had an estimated revenue of $3.94B. Earnings per share were $0.73. Analysts had estimated an EPS of $0.72.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2016, Patricia Verduin (Chief Technology Officer) sold 3,666 shares at $67.83 per share price.Also, On Mar 10, 2016, Victoria L Dolan (VP & Corporate Controller) sold 2,132 shares at $67.36 per share price.On Mar 10, 2016, Franck J Moison (COO Emerging Mkts.& So. Pacif.) sold 6,661 shares at $67.36 per share price, according to the Form-4 filing with the securities and exchange commission.

Colgate-Palmolive Company (Colgate) is a consumer products company whose products are marketed in more than 200 countries and territories throughout the world. The Company operates in two product segments: Oral Personal and Home Care and Pet Nutrition. The Oral Personal and Home Care product segment is operated through five geographic segments: North America Latin America Europe/South Pacific Asia and Africa/Eurasia. The Company’s oral care products include Colgate Total; Colgate Sensitive Pro-Relief; Colgate Max Fresh; Colgate Optic White and Colgate Luminous White toothpastes among others. The Company sells its personal care products under the Palmolive Protex and Softsoap brands. The Company through its Hill’s Pet Nutrition segment (Hill’s) manufactures pet nutrition products for dogs and cats.

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