Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Colgate-Palmolive Co (NYSE: CL) weakened in recent days. CL’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Colgate-Palmolive Co (NYSE: CL) stock rose modestly by 0.3% on 6/21/24. The stock closed at $97.27. Moreover, trading volume in this advance was above average at 149% of normal. The stock has been strong relative to the market over the last nine months and has risen 4.3% during the last week.
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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Colgate-Palmolive has a neutral Appreciation Score of 42 but a good Power Rating of 79, and the High Neutral Value Trend Rating results.
Be the first to comment