DBS analyst Cheria Widjaja maintains $Colgate-Palmolive (CL.US)$ with a hold rating, and sets the target price at $104.
According to TipRanks data, the analyst has a success rate of 100.0% and a total average return of 12.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Colgate-Palmolive (CL.US)$'s main analysts recently are as follows:
The recent sell-off in Colgate-Palmolive's shares, even after surpassing Q3 expectations, is seen more as a case of profit-taking rather than underlying fundamental issues. Acknowledging that North America sales didn't meet anticipations, which probably played a significant role in the stock's underperformance, it is believed that factors such as shipment scheduling, innovative strategies, and overcoming previous allocation obstacles should set the stage for an upturn in the North America division starting in Q4.
Concerns surrounding Colgate-Palmolive's valuation reached a peak, alongside skepticism regarding the endurance of their recent achievements, despite surpassing third-quarter expectations and raising projections. The lower valuation target reflects broader market adjustments in multiples, yet presents a compelling opportunity for investors targeting top-tier consumer packaged goods companies with a view leading into 2025.
Colgate-Palmolive's Q3 performance was solid, yet the stock experienced a downturn. It is anticipated that trends will continue to normalize, which is to be expected. However, the valuation appears to remain somewhat irregular, particularly when considering a slight recalibration of the EPS for 2025.
Note:
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