Colgate-Palmolive Company (CL) has had an eventful period with a mixture of both challenging and promising news. The company saw a surprising downgrade at Wells Fargo, which affected their competitive performance, a situation that was picked up by Itau Unibanco Holding S.A. via a 6,358 share purchase. The stock's worth has risen significantly by 40% despite its earnings growth rate falling behind the 9.6% CAGR delivered to shareholders. They've also attracted attention from Redditors as a potential defensive stock pick.
CL (Colgate-Palmolive Co) Inventory-to-Revenue stood at 0.38 as of June 2024, signifying their operational efficiency. Q1 2024 saw
Colgate-Palmolive surpass analyst revenue forecasts and demonstrate strong performance, pleasing investors and shareholders. The company declared a regular quarterly dividend, reaffirming their commitment to rewarding shareholders. Despite being downgraded by Deutsche Bank due to increasing needs for caution,
Colgate-Palmolive continues to have its strength in the market, with Morgan Stanley considering it one of their Highest Conviction Stocks. Their Q2 Earnings performance impressed, and if their strategic growth plans succeed, there could be even further increases in their stock price in the future.
Colgate-Palmolive Company CL News Analytics from Fri, 26 Jan 2024 08:00:00 GMT to Sun, 22 Sep 2024 14:55:24 GMT -
Rating 2
- Innovation 1
- Information 8
- Rumor -1
