Colgate-Palmolive (CL) Gets a Hold Rating from Morgan Stanley
In a report released today, Dara Mohsenian from Morgan Stanley maintained a Hold rating on Colgate-Palmolive (CL), with a price target of $76.00. The company’s shares closed last Monday at $74.93, close to its 52-week high of $76.41.
According to TipRanks.com, Mohsenian is a 4-star analyst with an average return of 4.7% and a 68.8% success rate. Mohsenian covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Mondelez International, and Constellation Brands.
Currently, the analyst consensus on Colgate-Palmolive is a Hold with an average price target of $75.30, implying a 1.7% upside from current levels. In a report issued on January 21, Stifel Nicolaus also maintained a Hold rating on the stock with a $77.00 price target.
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Colgate-Palmolive’s market cap is currently $63.23B and has a P/E ratio of 27.34. The company has a Price to Book ratio of -195.16.
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Colgate-Palmolive Co. is engaged in the manufacturing and distribution of consumer products. It operates through Oral, Personal and Home Care; and Pet Nutrition segments.