Short Term Price Target on Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (NYSE:CL) : 9 Wall Street analysts covering Colgate-Palmolive Company (NYSE:CL) believe that the average level the stock could reach for the short term is $73.67. The maximum price target given is $82 and the minimum target for short term is around $70, hence the standard deviation is calculated at $3.87.

Shares of Colgate-Palmolive Co. rose by 0.73% in the last five trading days and 2.81% for the last 4 weeks. Colgate-Palmolive Co. is up 3.37% in the last 3-month period. Year-to-Date the stock performance stands at 11.15%. Also, In the latest statement by the brokerage house, Goldman Sachs upgrades its outlook on Colgate-Palmolive Company (NYSE:CL). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Sell. The brokerage firm raises the 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) : 15 analysts are covering Colgate-Palmolive Company (NYSE:CL) and their average rating on the stock is 2.93, which is read as a Hold. Colgate-Palmolive Company (NYSE:CL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 14 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Colgate-Palmolive Company (NYSE:CL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.90 and $71.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.20, notching a gain of 1.86% for the day. The total traded volume was 3,798,772 . The stock had closed at $71.86 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Technology Officer) of Colgate Palmolive Co, Verduin Patricia had sold 3,666 shares worth of $264,649 in a transaction dated June 15, 2016. In this transaction, 3,666 shares were sold at $72.19 per share.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.