Stock Rating Upgrade
The Value Trend Rating for Colgate-Palmolive Co (NYSE: CL) improved during the last several trading days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Colgate-Palmolive Co (NYSE: CL) stock closed at $92.88 on 5/3/24 after a slight decline of -0.03%. Moreover, above average trading volume at 129% of normal accompanied the decline. The stock has risen 4.0% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Colgate-Palmolive has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Colgate-Palmolive has a neutral Appreciation Score of 45 but a good Power Rating of 81, producing the Positive Value Trend Rating.
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