Colgate-Palmolive Company (CL): Price Target and June Short Interest Disclosure

Colgate-Palmolive Company (CL) : The consensus price target for Colgate-Palmolive Company (CL) is $73.67 for the short term with a standard deviation of $3.87. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $82, however, the pessimist price target for the company is $70.

Colgate-Palmolive Company (CL) encountered a drop of 0.2% or -14,403 shares in the short positions. The number dropped from 9,110,541 on June 15,2016 to 9,096,138 on June 30,2016. The final interest is 1% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 3,715,343 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Goldman Sachs upgrades its rating on Colgate-Palmolive Company (NYSE:CL).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Sell by the brokerage firm. In a recent information released to the investors, Goldman Sachs raises the new price target from $62 per share to $75 per share. The rating by the firm was issued on May 2, 2016.


Colgate-Palmolive Company (NYSE:CL): stock turned positive on Thursday. Though the stock opened at $74.49, the bulls momentum made the stock top out at $75.325 level for the day. The stock recorded a low of $74.33 and closed the trading day at $74.71, in the green by 0.32%. The total traded volume for the day was 5,222,848. The stock had closed at $74.47 in the previous days trading.

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 Companys 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 Hills Pet Nutrition segment (Hills), manufactures pet nutrition products for dogs and cats.

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