Before Buying Colgate-Palmolive Co. (NYSE: CL) Stock, Read This First

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Colgate-Palmolive Co. (NYSE:CL) shares, rose in value on Thursday, April 25, with the stock price up by 0.41% to the previous day’s close as strong demand from buyers drove the stock to $89.23.

Actively observing the price movement in the recent trading, the stock is buoying the session at $88.87. The PE ratio was 32.14 over 12-month period. Referring to stock’s 52-week performance, its high was $90.37, and the low was $67.62. On the whole, CL has fluctuated by 0.37% over the past month.

The company’s Forward Dividend Ratio is 1.94, with its dividend yield at 2.17%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 20.15B, with a low estimate of 4.91B and a high estimate of 5.02B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.96B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 3.80, with the price of CL currently trading nearly 1.75% and 2.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.35, while the 7-day volatility ratio is showing 1.49% which for the 30-day chart, stands at 1.12%. Furthermore, Colgate-Palmolive Co. (CL)’s beta value is 0.41, and its average true range (ATR) is 1.04.

A comparison of Colgate-Palmolive Co. (CL) with its peers suggests the former has fared considerably weaker in the market. CL showed an intraday change of 0.41% in today’s session so far, and over the past year, it grew by 14.84%%.

Data on historical trading for Colgate-Palmolive Co. (NYSE:CL) indicates that the trading volumes over the past 3 months, they’ve averaged 4.45 million. According to company’s latest data on outstanding shares, there are 823.15 million shares outstanding.

Nearly 0.12% of Colgate-Palmolive Co.’s shares belong to company insiders and institutional investors own 85.15% of the company’s shares. The stock has risen by 11.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CL stock heading into the next quarter.

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