Colgate-Palmolive Co. (NYSE: CL) has experienced a decline in its stock price by -0.18 compared to its previous closing price of 87.88. However, the company has seen a fall of -1.50% in its stock price over the last five trading days. 24/7 Wall Street reported 2024-04-07 that Investors love dividend stocks, especially the ultra-yield variety because they provide a significant income stream and give investors a great opportunity for massive total returns. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the total return on an investment or a portfolio consists of income and stock appreciation.
Is It Worth Investing in Colgate-Palmolive Co. (NYSE: CL) Right Now?
Colgate-Palmolive Co. (NYSE: CL) has a higher price-to-earnings ratio of 31.59x compared to its average ratio, The 36-month beta value for CL is at 0.41. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 17 as “hold,” and 1 as “sell.”
The public float for CL is 822.20M, and currently, shorts hold a 1.42% of that float. The average trading volume for CL on April 09, 2024 was 4.61M shares.
CL’s Market Performance
CL stock saw a decrease of -1.50% in the past week, with a monthly decline of -0.48% and a quarterly a decrease of 9.68%. The volatility ratio for the week is 1.07%, and the volatility levels for the last 30 days are 1.03% for Colgate-Palmolive Co. (CL). The simple moving average for the past 20 days is -1.07% for CL’s stock, with a 11.95% simple moving average for the past 200 days.
Analysts’ Opinion of CL
Many brokerage firms have already submitted their reports for CL stocks, with Goldman repeating the rating for CL by listing it as a “Buy.” The predicted price for CL in the upcoming period, according to Goldman is $93 based on the research report published on March 01, 2024 of the current year 2024.
BofA Securities gave a rating of “Buy” to CL, setting the target price at $90 in the report published on December 15th of the previous year.
CL Trading at 1.50% 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 -2.93% of loss for the given period.
Volatility was left at 1.03%, however, over the last 30 days, the volatility rate increased by 1.07%, as shares sank -0.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.00% upper at present.
During the last 5 trading sessions, CL fell by -1.50%, which changed the moving average for the period of 200-days by +13.01% in comparison to the 20-day moving average, which settled at $88.65. In addition, Colgate-Palmolive Co. saw 10.05% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CL starting from Wallace Noel R., who sale 69,948 shares at the price of $84.22 back on Feb 20 ’24. After this action, Wallace Noel R. now owns 286,881 shares of Colgate-Palmolive Co., valued at $5,890,887 using the latest closing price.
Daniels Jennifer, the CLO and Secretary of Colgate-Palmolive Co., sale 3,538 shares at $84.67 during a trade that took place back on Feb 20 ’24, which means that Daniels Jennifer is holding 59,698 shares at $299,578 based on the most recent closing price.
Stock Fundamentals for CL
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.58 for the gross margin
The net margin for Colgate-Palmolive Co. stands at 0.12. The total capital return value is set at 0.35. Equity return is now at value 455.45, with 14.32 for asset returns.
Based on Colgate-Palmolive Co. (CL), the company’s capital structure generated 0.93 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 14.19. The interest coverage ratio of the stock is 17.47.
Currently, EBITDA for the company is 4.7 billion with net debt to EBITDA at 1.87. When we switch over and look at the enterprise to sales, we see a ratio of 4.13. The receivables turnover for the company is 12.27for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In conclusion, Colgate-Palmolive Co. (CL) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
