On December 03, 2019, Colgate-Palmolive Company (NYSE:CL) shares lost -0.4% or -0.27 points to close at $67.3 with a heavy trading volume of 3.677 million shares. It opened the trading session at $67.63, the shares rose to $67.63 and dropped to $66.795, the range by which the price of stock traded the whole day. The company now has a market cap of $57.6 billion and currently has 855.28 million outstanding shares. Colgate-Palmolive Company (CL) stock has accumulated 0.73 percent of market value in 21 trading days.
CL stock’s trailing 3-year beta is 0.7, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was $2.79 share in the trailing 52 weeks. The stock’s value surged 13.07 percent year to date (YTD) compared to a rise of 5.95 percent in 52 week’s period. The firm’s shares are still trading -11.92 percent below its 1-year high of $76.41 and 17.03 percent up from 52-week low of $57.51. The average consensus ranking on the company is 2.8, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
Colgate-Palmolive Company (CL) is most likely going to rise 6.29 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $82-month high price target. This represents a whopping 21.84 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $71, which means a return possibility of 5.5 percent in comparison with the closing price of the stock of $67.3 on December 03. The lowest price set for the stock is $58 — just above -13.82 percent from CL share price now.
Past records have indicated that shares in Colgate-Palmolive Company declined on 26 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of CL’s Q4 earnings on January 31. Analysts are predicting revenue to climb 2.9 percent to $3.92B in the financial fourth quarter, while EPS will soar by about -2.7 percent to $0.72 per share. In the last quarter, it earnings of $0.71 per share came better than the $0.66014, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $3.93B, missing the $3.95B analysts had expected. Earnings are seen to rise by 9.7 percent this year, 5.73 percent in the coming year and the trend continues by 1.03 percent every year in the next 5 years.
Let’s take a glimpse at some insider activity at Colgate-Palmolive Company (NYSE:CL) and observe the pattern. The earliest insider trade happened on 11/25/2019. COOK IAN M parted with a total of 16 thousand shares of the firm at average share price of $66.7. The total amount for the sale was set at $1.07 million. On completing this exchange, the Executive Chairman account balance was 1.42 million shares. The stock grew 1.3 percent from that insider sale. On 11/14/2019, COOK IAN M, Executive Chairman, did a sale of 16 thousand shares at a price of $66.73 per share. This got rid of 1.07 million shares from the insider’s fortune and the stock experienced a 1.26 percent rally in price since the news became public. This exchange saw 1.43 million shares get out from the Executive Chairman account.
On 10/30/2019, Executive Chairman COOK IAN M recorded a sale transaction valued at $1.21 million. The sale at $68.3 a share has eliminated 17.75 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed -1.07 percent decrease since the transaction reporting date. The company insider is left with 1.45 million shares remaining in the account. COOK IAN M, who works as Executive Chairman at the company, performed a sale of 17.75 thousand shares in a transaction worth $1.22 million. The disposal recorded on 10/15/2019 was priced at $68.72 per share. The stock price plunged -1.67 percent since the transaction. COOK IAN M currently holds a stake of 1.47 million in CL stock which is worth $98.84 million after the insider selling.
The stock is lingering around the initial support level of $66.85. After this, the following support is at the zone of $66.41. Up until the time the CL stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 44.92 on the daily chart, and this may be a cause for concern. In case the price goes below $66.41 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $67.69 level may cause a pull-back move approaching $68.08 mark.
Colgate-Palmolive Company (CL) shares are trading at a P/E ratio of 24.9 times earnings posted in the trailing 12 months. The industry CL deals with has an average P/E of 71.3. Its P/B ratio is standing at 0X compared to the 8.7 industry average. It is additionally sporting a 3.8 on the Price-to-Sales ratio, compared to the industry’s P/S average of 3.3. Colgate-Palmolive Company has a 59.3% gross profit margin, with its operating margin around 22.7%. Alongside this, the company’s net profit margin currently stands at 15%.