Colgate-Palmolive Company (CL) is Upgraded by BofA/Merrill to Buy

Colgate-Palmolive Company (CL) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Sep 12, 2016.

Many Wall Street Analysts have commented on Colgate-Palmolive Company. Colgate-Palmolive Company was Upgraded by BofA/Merrill to ” Buy” on Sep 12, 2016. Colgate-Palmolive Company was Downgraded by Exane BNP Paribas to ” Neutral” on Jul 29, 2016.

On the company’s financial health, Colgate-Palmolive Company reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $3845.00 million for the quarter, compared to analysts expectations of $3859.81 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Colgate-Palmolive Company closed down -1.51 points or -2.01% at $73.76 with 3,297,835 shares getting traded on Wednesday. Post opening the session at $74.96, the shares hit an intraday low of $73.68 and an intraday high of $75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Aug 17, 2016, Patricia Verduin (Chief Technology Officer) sold 3,674 shares at $75.00 per share price. According to the SEC, on Aug 15, 2016, Franck J Moison (COO Emerging Mkts.& So. Pacif.) sold 15,000 shares at $75.16 per share price. On Aug 12, 2016, Richard J Kogan (director) sold 8,000 shares at $74.66 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.

Colgate-Palmolive Company

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