Colgate-Palmolive Company (CL) is Downgraded by Exane BNP Paribas to Neutral

Colgate-Palmolive Company (CL) was Downgraded by Exane BNP Paribas to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Exane BNP Paribas advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on Colgate-Palmolive Company. Colgate-Palmolive Company was Upgraded by Goldman to ” Neutral” on May 2, 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 -0.03 points or -0.04% at $73.25 with 40,66,729 shares getting traded on Thursday. Post opening the session at $74.75, the shares hit an intraday low of $73.06 and an intraday high of $74.75 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jul 19, 2016, Patricia Verduin (Chief Technology Officer) sold 3,666 shares at $74.98 per share price. According to the SEC, on May 13, 2016, Justin Skala (COO NA, Eur, Afr/E & Gl Sust) sold 89,200 shares at $72.17 per share price. On May 13, 2016, John J Huston (Sr. VP Office of the Chairman) sold 14,000 shares at $72.23 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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