Colgate-Palmolive Co. (NYSE: CL) has seen a decline in its stock price by -0.17 in relation to its previous close of 86.00. However, the company has experienced a -2.31% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that The soap and cleaning materials industry stays composed, backed by efforts to improve sales, including pricing actions, innovation, digital transformation and brand building, amid elevated costs. Players like CL, HENKY, CHD and CLX look well-poised.
Is It Worth Investing in Colgate-Palmolive Co. (NYSE: CL) Right Now?
The price-to-earnings ratio for Colgate-Palmolive Co. (NYSE: CL) is 30.92x, which is above its average ratio. Moreover, the 36-month beta value for CL is 0.41. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 17 as “hold,” and 1 as “sell.”
The public float for CL is 822.20M and currently, short sellers hold a 1.43% of that float. On April 15, 2024, CL’s average trading volume was 4.57M shares.
CL’s Market Performance
CL’s stock has seen a -2.31% decrease for the week, with a -3.76% drop in the past month and a 6.57% gain in the past quarter. The volatility ratio for the week is 1.02%, and the volatility levels for the past 30 days are at 1.03% for Colgate-Palmolive Co. The simple moving average for the last 20 days is -2.84% for CL stock, with a simple moving average of 9.29% for the last 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 -1.02% 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 -5.00% of loss for the given period.
Volatility was left at 1.03%, however, over the last 30 days, the volatility rate increased by 1.02%, as shares sank -2.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.96% upper at present.
During the last 5 trading sessions, CL fell by -2.31%, which changed the moving average for the period of 200-days by +13.36% in comparison to the 20-day moving average, which settled at $88.23. In addition, Colgate-Palmolive Co. saw 7.70% 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 4.05. 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
To wrap up, the performance of Colgate-Palmolive Co. (CL) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
