Colgate-Palmolive Co. (NYSE:CL) has been underperforming in the stock market, despite reports of its strong returns on capital and increased stake acquisition by Empowered Funds LLC. It will webcast its 2024 second quarter earnings conference call on July 26, 2024 at 8:30 a.m. ET. Analysts at Wells Fargo & Company have increased the price target to $97.00, while it is deemed a good dividend stock right now. Oppenheimer & Co. Inc. recently sold its shares of the company. Colgate's strategic pricing and innovative efforts have raised views on why it might be a great choice of consumer staples stock. It has a well-regarded earnings performance despite the recent overall market underperformance. By leveraging its innovation and strategic efforts, the company is expected to deliver a robust financial performance, fuelled by higher prices. Colgate-Palmolive's stock has strong momentum and the company is favored by institutional owners holding 83% of it. The earnings calls and financial analyses indicate a lucrative path forward.
Colgate-Palmolive Company CL News Analytics from Thu, 12 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 11:51:35 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor -1
