Colgate-Palmolive Company (CL) is Upgraded by Goldman to Neutral

Colgate-Palmolive Company (CL) was Upgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Sell ” on the company shares. Goldman advised their investors in a research report released on May 2, 2016.

Many Wall Street Analysts have commented on Colgate-Palmolive Company. Company shares were Reiterated by UBS on Apr 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 76 from a previous price target of $73 .Colgate-Palmolive Company was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 26, 2016.

On the company’s financial health, Colgate-Palmolive Company reported $0.63 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.63. The company had revenue of $3762.00 million for the quarter, compared to analysts expectations of $3760.63 million. The company’s revenue was down -7.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.

Colgate-Palmolive Company opened for trading at $69.11 and hit $69.74 on the upside on Wednesday, eventually ending the session at $69.31, with a gain of 0.51% or 0.35 points. The heightened volatility saw the trading volume jump to 44,70,872 shares. Company has a market cap of $61,876 M.

In a different news, on Apr 19, 2016, Patricia Verduin (Chief Technology Officer) sold 3,666 shares at $70.83 per share price. According to the SEC, 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.

Colgate-Palmolive Company

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