Colgate-Palmolive Company Rating Increased to Buy at Argus (CL)
Colgate-Palmolive Company (NYSE: CL) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $118.00 price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of Colgate-Palmolive Company from $107.00 to $110.00 in a research note to investors on Friday, April 27th. They now have an “overweight” rating on the stock. Finally, analysts at Credit Agricole upgraded shares of Colgate-Palmolive Company from an “underperform” rating to an “outperform” rating in a research note to investors on Monday, March 19th.
Shares of Colgate-Palmolive Company traded up 0.48% during mid-day trading on Tuesday, hitting $101.52. Colgate-Palmolive Company has a 52 week low of $78.62 and a 52 week high of $101.82. The company has a market cap of $48.450 billion and a P/E ratio of 20.16.
Colgate-Palmolive Company last posted its quarterly earnings results on Thursday, April 26th. The company reported $1.24 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.24. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that Colgate-Palmolive Company will post $1.41 earnings per share next quarter.
Colgate-Palmolive Company (Colgate) is a consumer products company whose products are marketed in over 200 countries and territories worldwide.