Market Update: Colgate-Palmolive Company (NYSE:CL) – Colgate Elects C. Martin Harris to Board of Directors

[Business Wire] – Colgate-Palmolive Company today announced that C. Martin Harris, Chief Information Officer and Chairman of the Information Technology Division of The Cleveland Clinic Foundation, has been elected to Colgate’s Board of Directors. Read more on this. Colgate-Palmolive Co. (CL) , valued at $60.92B, started the session at $68.34. Today’s price range has been between $67.83 and $68.59 per share and has traded between $50.84 and $70.65 over the past year. Priced at 24.86x this year’s forecasted earnings, CL shares are relatively expensive compared to the industry’s 17.50x forward p/e ratio. And for income investors, the company pays shareholders $1.56 per share annually in dividends, yielding 2.28%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $0.63 per share, which would be $0.03 worse than the year-ago quarter and a $0.05 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.75 is a $0.06 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.75 Billion. If realized, that would be a 7.86% decrease over the year-ago quarter. More recently, Sterne Agee CRT downgraded CL from Buy to Neutral (Feb 26, 2016). Previously, Exane BNP Paribas upgraded CL from Neutral to Outperform. The average price target for CL shares is $69.03, which is 1.01% above where the stock opened this morning. See more in (NYSE:CL) Similar Articles: Stock Update: Colgate-Palmolive Company (NYSE:CL) – Colgate-Palmolive Webcasts Presentation at The Consumer Analyst Group of New York Conference Market Update: Colgate-Palmolive Company (NYSE:CL) – Colgate-Palmolive Webcasts 2015 Fourth Quarter and Year-end Earnings Conference Call January 29, 2016 – 11:00 a.m. ET Stock Update: Colgate-Palmolive Company (NYSE:CL) – Colgate-Palmolive Returns With Its Annual ‘Haz la U’ Educational Grant Program in Celebration of Hispanic Heritage Month