The Colgate-Palmolive Company (CL) shares are trading at lower $76.57 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $75.81.
To add more color to this target, the company’s high over the last year is $77.46 and the low is $58.49. Over the last 52 weeks, CL is down -1.15% while the S&P 500 is up 0.70%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CL reported a profit of $2.37 billion. Colgate-Palmolive Company also saw revenues increase to $3.9 billion. In addition, CL has free cash flow of $1.64 billion as of 06-2020. The company’s EBITDA came in at $1.08 billion which compares well with its peers.
CL booked profit margins of 16.20%, and its Return on Assets is 17.10%. All told, it is clear that, CL needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CL has a short ratio of 2.80 and outstanding shares of 857.40M.
CL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.71 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.93. Colgate-Palmolive Company CL also noted assets of $15.14 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CL has historically followed its peers on positive news.
All told, Colgate-Palmolive Company CL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Colgate-Palmolive Company CL is now commanding a market cap of 65.30B and a float of 854.53M. CL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in CL, either long or short, and we have not been compensated for this article.