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Analysts Say Colgate-Palmolive Company (NYSE:CL) Can Really Get To $91.00 In 12 Months

In recent trading session, Colgate-Palmolive Company (NYSE:CL) saw 0.66 million shares changing hands at last check today with its beta currently measuring 0.47. Company’s recent per share price level of $75.67 trading at $0.31 or 0.41% at last check today assigns it a market valuation of $62.48B. That most recent trading price of CL’s stock is at a discount of -13.14% from its 52-week high price of $85.61 and is indicating a premium of 4.59% from its 52-week low price of $72.20. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.79 million shares which gives us an average trading volume of 4.25 million if we extend that period to 3-months.

For Colgate-Palmolive Company (CL), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.80. Splitting up the data highlights that, out of 23 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 16 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.74 in the current quarter.

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Colgate-Palmolive Company (NYSE:CL) trade information

Upright in the green today for gaining 0.41%, in the last five days CL remained trading in the green while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $75.67 price level, adding 0.85% to its value on the day. Colgate-Palmolive Company’s shares saw a change of -11.69% in year-to-date performance and have moved 0.17% in past 5-day. Colgate-Palmolive Company (NYSE:CL) showed a performance of -6.92% in past 30-days. Number of shares sold short was 13.32 million shares which calculate 3.15 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $82.50 to the stock, which implies a rise of 8.28% to its recent value today. Analysts have been projecting $68.00 as a low price target for the stock while placing it at a high target of $91.00. It follows that stock’s current price would drop -20.26% in reaching the projected high whereas dropping to the targeted low would mean a gain of 10.14% for stock’s current value.

Colgate-Palmolive Company (CL) estimates and forecasts

Statistics highlight that Colgate-Palmolive Company is scoring comparatively higher than the scores of other players of the relevant industry. The company added 2.35% of value to its shares in past 6 months, showing an annual growth rate of -5.61% while that of industry is -7.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -8.60% in the current quarter and calculating 2.50% increase in the next quarter. This year revenue growth is estimated to rise 3.10% from the last financial year’s standing.

13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.49 billion for the same. And 13 analysts are in estimates of company making revenue of $4.55 billion in the next quarter that will end on Dec 2022. Company posted $4.41 billion and $4.4 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 1.80% while estimating it to be 3.40% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -1.20% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -18.60% while estimates for its earnings growth in next 5 years are of 3.93%.

CL Dividends

Colgate-Palmolive Company is more likely to be releasing its next quarterly report on October 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Colgate-Palmolive Company (NYSE:CL)’s Major holders

Insiders are in possession of 0.10% of company’s total shares while institution are holding 82.56 percent of that, with stock having share float percentage of 82.64%. Investors also watch the number of corporate investors in a company very closely, which is 82.56% institutions for Colgate-Palmolive Company that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at CL for having 77.76 million shares of worth $5.87 billion. And as of Jun 29, 2022, it was holding 9.32% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 64.9 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 7.78% of outstanding shares, having a total worth of $4.9 billion.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Specialized-Dividend Growth Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 24.65 million shares of worth $1.86 billion or 2.96% of the total outstanding shares. The later fund manager was in possession of 24.0 million shares on Apr 29, 2022, making its stake of worth around $1.81 billion in the company or a holder of 2.88% of company’s stock.

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