Colgate-Palmolive Co (NYSE: CL) has reported E.P.S. of $0.89 for its second fiscal quarter (ending June 30) versus $0.61 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $3.45 compared to $1.80 a year ago.
Recent Price Action
Colgate-Palmolive Co (NYSE: CL) stock closed at $99.39 on 7/26/24 after a large increase of 3.0%. Moreover, unusually high trading volume at 180% of normal accompanied the advance. The stock has risen 0.9% during the last week and has been exceptionally 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). 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 83, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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