[Business Wire] Colgate-Palmolive Co (NYSE:CL)(TREND ANALYSIS) Franck Moison, Chief Operating Officer, Emerging Markets & Business Development, will present on Monday, September 14, 2015 at the CLSA Investors’ Forum 2015 in Hong Kong at 3:00 p.m. (3:00 am ET).
Investors may access a live webcast of this presentation and the presentation slides on Colgate’s web site at http://www.colgatepalmolive.com. For those unable to participate during the live webcast, a recorded version of the webcast will be made available through the ‘For Investors’ page of Colgate’s web site.
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Colgate-Palmolive Co (NYSE:CL) stock is currently trading 12.81% below its 52-week-high, 22.72% above its 52-week-low. The 1-year stock price history is in the range of $50.84 – $71.56. Colgate-Palmolive Co (CL) has a price to earnings ratio of 25.05 versus Consumer Goods sector average of 14.11. CL stock price has underperformed the S&P 500 by 4.4%. The Cosmetics & Toiletries company is currently valued at $56.16 billion and its share price closed the last trading session at $62.39. The stock has a 50-day moving average of $65.88 and a 200-day moving average of $67.59.
Colgate-Palmolive Co (CL) current short interest stands at 8.2 million shares. It has increased by 6% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 4.38 million shares, the number of days required to cover the short positions stand at 1.9 days.
The company is expected to announce next quarter earnings on October 23, at consensus estimate of $0.72. Colgate-Palmolive Co (CL) reported last quarter earnings on July 30. The Cosmetics & Toiletries company announced earnings per share of $0.7 against a consensus Street estimate of $0.71, missing estimate by $0.01. This corresponds to a decrease of $0.02 compared to the same quarter of the previous fiscal year.
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There are currently twenty-four analysts that cover Colgate-Palmolive Co stock. Of those twenty-four, five have a Buy rating, eighteen have a Hold rating and one has a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $70.67.
A recent analyst activity consisted of CanaccordGenuity upgrading their Sell rating to Hold on June 18. CanaccordGenuity increased their price target on CL from $58 to $65. This corresponds to a 4.18% upside from the last closing price. On the date of report, the stock closed at $66.79.
Morgan Stanley downgraded their Overweight rating to Equal-weight on June 11, and decreased their price target from $76 to $72. This corresponds to a 15.4% upside from the last closing price. On the date of report, the stock closed at $66.18.
Another research firm was SocGen who upgraded their Sell rating to Hold on June 10. SocGen increased their price target on Colgate-Palmolive Co from $62 to $68. This translates to a 8.99% upside from the last closing price. On the date of report, the stock closed at $66.69.
Colgate-Palmolive Company is a consumer products company that markets its products throughout the world. The Company’s products include toothpaste, toothbrushes, shampoos, deodorants, bar and liquid soaps, dishwashing liquid, and laundry products, as well as pet nutrition products for cats and dogs.