Colgate-Palmolive Company (NYSE: CL)’s stock price has decreased by -1.25 compared to its previous closing price of 72.95. however, the company has experienced a 1.02% increase in its stock price over the last five trading days. MarketWatch.com reported on 02/10/23 that Fabuloso recall: Colgate-Palmolive pulls almost 5 million bottles over bacteria risk
Is It Worth Investing in Colgate-Palmolive Company (NYSE: CL) Right Now?
Colgate-Palmolive Company (NYSE: CL) has a price-to-earnings ratio that is above its average at 34.35x. and a 36-month beta value of 0.48. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 0 as “overweight,” 13 as “hold,” and 0 as “sell.”
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The average price predicted for Colgate-Palmolive Company (CL) by analysts is $81.17, which is $8.01 above the current market price. The public float for CL is 829.55M, and at present, short sellers hold a 1.16% of that float. On March 17, 2023, the average trading volume of CL was 4.17M shares.
CL’s Market Performance
CL’s stock has seen a 1.02% increase for the week, with a -0.91% drop in the past month and a -9.20% fall in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 1.63% for Colgate-Palmolive Company The simple moving average for the last 20 days is -1.24% for CL stock, with a simple moving average of -5.53% for the last 200 days.
Analysts’ Opinion of CL
Many brokerage firms have already submitted their reports for CL stocks, with Citigroup repeating the rating for CL by listing it as a “Buy.” The predicted price for CL in the upcoming period, according to Citigroup is $84 based on the research report published on February 17th of the current year 2023.
Morgan Stanley, on the other hand, stated in their research note that they expect to see CL reach a price target of $82. The rating they have provided for CL stocks is “Overweight” according to the report published on January 30th, 2023.
CL Trading at -3.24% from the 50-Day Moving Average
After a stumble in the market that brought CL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.04% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares sank -0.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.43% lower at present.
During the last 5 trading sessions, CL rose by +1.15%, which changed the moving average for the period of 200-days by -8.48% in comparison to the 20-day moving average, which settled at $72.92. In addition, Colgate-Palmolive Company saw -8.57% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CL starting from Kooyman John W, who sale 2,040 shares at the price of $71.67 back on Mar 13. After this action, Kooyman John W now owns 6,366 shares of Colgate-Palmolive Company, valued at $146,209 using the latest closing price.
CAHILL JOHN T, the Director of Colgate-Palmolive Company, sale 5,703 shares at $73.83 during a trade that took place back on Feb 27, which means that CAHILL JOHN T is holding 24,383 shares at $421,075 based on the most recent closing price.
Stock Fundamentals for CL
Current profitability levels for the company are sitting at:
- +19.95 for the present operating margin
- +56.49 for the gross margin
The net margin for Colgate-Palmolive Company stands at +9.93. Equity return is now at value 472.20, with 11.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.
Conclusion
To sum up, Colgate-Palmolive Company (CL) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
