Wells Fargo analyst Christopher Carey maintained a Hold rating on Colgate-Palmolive (CL – Research Report) today and set a price target of $75.00. The company’s shares closed last Friday at $70.25.
Carey covers the Consumer Goods sector, focusing on stocks such as Spectrum Brands Holdings, Church & Dwight, and Clorox. According to TipRanks, Carey has an average return of 0.6% and a 43.07% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Colgate-Palmolive with a $81.08 average price target.
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Based on Colgate-Palmolive’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.48 billion and a net profit of $603 million. In comparison, last year the company earned a revenue of $4.26 billion and had a net profit of $703 million
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Colgate-Palmolive Company is a multinational consumer products name engaged in production and distribution of household, personal care, oral care, health care, and veterinary products. The company sells its products across more than 200 countries and territories. The company’s well known global brands include Colgate, Palmolive, Speed Stick, Lady Speed Stick, Ajax, Softsoap and Hill’s pet Nutrition. It has two operating business segment – Oral, Personal and Home Care, and Pet Nutrition.
