JP Morgan Initiates Coverage On Colgate-Palmolive Company to Neutral with Price Target $77

JP Morgan Initiates Coverage On Colgate-Palmolive Company(CL). In a research note issued to the investors, the brokerage major Announces the price-target to $77 per share. The shares have been rated Neutral. The rating by the stock financial advisor at JP Morgan was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 30, 2017, Citigroup said it Downgrades its rating on Colgate-Palmolive Company. The shares have been rated ‘Neutral’ by the firm. Berenberg said it Initiates Coverage On Colgate-Palmolive Company, according to a research note issued on Jan 25, 2017. The shares have been rated ‘Hold’ by the firm.

Colgate-Palmolive Company (CL) shares turned negative on Fridays trading session with the shares closing down -0.25 points or -0.34% at a volume of 26,21,928. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $74. The peak price level was also seen at $74 while the days lowest was $73.35. Finally the shares closed at $73.67. The 52-week high of the shares is $75.38 while the 52-week low is $63.43. According to the latest information available, the market cap of the company is $65,040 M.

Colgate-Palmolive Company(CL) last announced its earnings results on Jan 27, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $3.721B. Analysts had an estimated revenue of $3.880B. Earnings per share were $0.75. Analysts had estimated an EPS of $0.75.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2017, Patricia Verduin (Chief Technology Officer) sold 3,833 shares at $73.59 per share price.Also, On Feb 23, 2017, Delia H Thompson (SrVP Investor Relations) sold 3,698 shares at $73.16 per share price.On Feb 23, 2017, Dennis J Hickey (Chief Financial Officer) sold 7,240 shares at $73.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Colgate-Palmolive Company (Colgate) is a consumer products company whose products are marketed in more than 200 countries and territories throughout the world. The Company operates in two product segments: Oral Personal and Home Care and Pet Nutrition. The Oral Personal and Home Care product segment is operated through five geographic segments: North America Latin America Europe/South Pacific Asia and Africa/Eurasia. The Company’s oral care products include Colgate Total; Colgate Sensitive Pro-Relief; Colgate Max Fresh; Colgate Optic White and Colgate Luminous White toothpastes among others. The Company sells its personal care products under the Palmolive Protex and Softsoap brands. The Company through its Hill’s Pet Nutrition segment (Hill’s) manufactures pet nutrition products for dogs and cats.

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