Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Colgate-Palmolive Co (NYSE: CL) improved of late. CL’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 9/20/24, Colgate-Palmolive Co (NYSE: CL) stock increased 1.0%, closing at $103.06. Moreover, this advance was accompanied by exceptionally high trading volume at 260% of normal. The stock has declined -3.1% during the last week but 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). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Colgate-Palmolive has a neutral Appreciation Score of 45 but a good Power Rating of 82, resulting in the Positive Value Trend Rating.
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