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Friday, November 27, 2020

Colgate-Palmolive Company (NYSE:CL) on the Path to Ruin

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Colgate-Palmolive Company (CL) shares are trading at lower $78.59 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $79.97.

To add more color to this target, the company’s high over the last year is $79.19 and the low is $58.49. Over the last 52 weeks, CL is up 8.00% while the S&P 500 is up 19.49%. 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 16.10%, 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 2.96 and outstanding shares of 857.40M.

Company Outlook

CL has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 2.99. 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 67.01B and a float of 855.44M. 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.

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