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Colgate-Palmolive (NYSE:CL) Stock: Deutsche Bank Initiates Coverage with Hold Rating

Deutsche Securities Analyst Rating Change Colgate-Palmolive NYSE:CL

Colgate-Palmolive (NYSE:CL) Price Target & New Coverage by Deutsche Bank

The broker Deutsche Bank has has initiated coverage on Colgate-Palmolive (NYSE:CL)’s Stock, rating it Hold while giving it the TP at $75.0.

The initiation is welcomed by stock speculators, as NYSE:CL is currently trading 0.35% higher at $72.01 as of 8:17 AM New York time. Colgate-Palmolive’s stock is 0% over the last 200 days. It has underperformed the S&P500 Index, which has added 6.00% over the same time period.

According to data compiled by Thomson Reuters, Colgate-Palmolive (NYSE:CL)’s stock is covered by 17 equity analysts across the Street, with 1 analysts giving it a Sell rating, 4 a Buy rating, while 18 consider it a Hold. The 12-month consensus target price for the stock is $72.82, which reflects an upside potential of 1.12% over the current price.

Institutional Ownership

Ycg Llc had the most significant stake with ownership of 453,214 shares as of Q2 2015 for 10.3% of the fund portfolio. Bush Odonnell Investment Advisors Inc is another bull as the investment manager who is possessing 125,000 shares of Colgate-Palmolive or 6.19% of their fund portfolio. Moreover, Caledonia Investments Plc have 6.17% of their fund portfolio invested in the company for 240,000 shares. The Florida-based fund Palisades Hudson Asset Management L.P. revealed it had acquired a stake worth about 5.91% of the investment manager’s stock portfolio in Colgate-Palmolive. The United Kingdom-based fund Troy Asset Management Ltd is also positive about the stock, possessing 104,314 shares or 5.56% of their fund portfolio.

Colgate-Palmolive (NYSE:CL) Profile

Colgate Palmolive CoColgate-Palmolive Company (Colgate) is a consumer products company. 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, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.

Colgate-Palmolive (NYSE:CL) traded up 0.35% on 14 December, hitting $72.01. A total of 988,545 shares of the company’s stock traded hands. This is down from average of 3.69 million shares. Colgate-Palmolive has a 52 week low of $63.43 and a 52 week high of $77.27. The company has a market cap of $63.23 billion and a P/E ratio of 27.79.

Get the latest Colgate-Palmolive (NYSE:CL) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Colgate-Palmolive (NYSE:CL) Stock: Deutsche Bank Initiates Coverage with Hold Rating appeared first on Octafinance.

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Colgate-Palmolive (NYSE:CL) Stock: Deutsche Bank Initiates Coverage with Hold Rating


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