In a report released today, Nik Modi from RBC Capital reiterated a Hold rating on Colgate-Palmolive (CL – Research Report), with a price target of $95.00. The company’s shares closed last Friday at $91.01.
Modi covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, The Hershey Company, and PepsiCo. According to TipRanks, Modi has an average return of 6.5% and a 60.12% success rate on recommended stocks.
Colgate-Palmolive has an analyst consensus of Strong Buy, with a price target consensus of $94.33, a 3.65% upside from current levels. In a report released today, Wells Fargo also maintained a Hold rating on the stock with a $92.00 price target.
The company has a one-year high of $92.25 and a one-year low of $66.39. Currently, Colgate-Palmolive has an average volume of 4.42M.
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Colgate-Palmolive (CL) Company Description:
Colgate-Palmolive Company is a multinational consumer products name engaged in production and distribution of household, personal care, oral care, health care, and veterinary products. The company sells its products across more than 200 countries and territories. The company’s well known global brands include Colgate, Palmolive, Speed Stick, Lady Speed Stick, Ajax, Softsoap and Hill’s pet Nutrition. It has two operating business segment – Oral, Personal and Home Care, and Pet Nutrition.
Read More on CL:
- CL Earnings: Colgate-Palmolive Brushes Past Q1 Estimates
- Options Volatility and Implied Earnings Moves Today, April 26, 2024
- Colgate-Palmolive reports Q1 base gross profit margin up 310 bps to 60.0%
- Colgate-Palmolive raises FY24 net sales growth view to 2%-5% from 1%-4%
- Colgate-Palmolive reports Q1 base EPS 86c, consensus 76c
