Colgate-Palmolive Company (CL) : Analyst Rating Update

Colgate-Palmolive Company (CL) : 15 analysts are covering Colgate-Palmolive Company (CL) and their average rating on the stock is 2.93, which is read as a Hold. Colgate-Palmolive Company (CL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 14 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Colgate-Palmolive Company (CL) : 9 Wall Street analysts covering Colgate-Palmolive Company (CL) believe that the average level the stock could reach for the short term is $73.67. The maximum price target given is $82 and the minimum target for short term is around $70, hence the standard deviation is calculated at $3.87.

Colgate-Palmolive Company (NYSE:CL): The stock was completely flat for the day, closing at $73.28 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $73.32, the stock touched an intraday high of $73.45 and a low of $72.78. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $73.28. The total trading volume on Wednesday was 2,568,609.

Also, Goldman Sachs upgrades their rating on the shares of Colgate-Palmolive Company (NYSE:CL). The current rating of the shares is Neutral. Earlier, the shares were rated a Sell by the brokerage firm. Equity Analysts at the Firm raises the price target to $75 per share from $62 per share. The rating by the firm was issued on May 2, 2016. The company shares have rallied 10.28% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $73.69 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $71.44 and the 200 Day Moving Average price is recorded at $68.87.

Colgate-Palmolive Company (Colgate) is a consumer products company, whose products are marketed in more than 200 countries and territories throughout the world. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments: North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia. The Companys oral care products include Colgate Total; Colgate Sensitive Pro-Relief; Colgate Max Fresh; Colgate Optic White and Colgate Luminous White toothpastes, among others. The Company sells its personal care products under the Palmolive, Protex and Softsoap brands. The Company, through its Hills Pet Nutrition segment (Hills), manufactures pet nutrition products for dogs and cats.

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