Colgate-Palmolive Company (NYSE:CL) Given Price Target Of $73.666


As per Colgate-Palmolive Company (NYSE:CL)’s news release on 2016-06-10, its shareholders will get cash dividend of $0.39 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-22 and 2016-08-15, respectively.

The stock of Colgate-Palmolive Company (NYSE:CL) will commence trading ex-dividend from 2016-07-20, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Colgate-Palmolive Company (NYSE:CL) disbursed $1.53 in dividend compared to distribution of $1.42, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 5.6338%.

The past track record of five years substantiates that the average payout of Colgate-Palmolive Company (NYSE:CL) stands at $1.321, implying 8.1247% growth. The company recorded earnings of $0.7 a share in the preceding fiscal.

The interim price target for Colgate-Palmolive Company (NYSE:CL) is set at $73.666. This level is the mean price reached by averaging the stock views of 9 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $82 and the lowest level is established at 70. This broad range highlights a standard deviation of $3.872 in reported estimates.

AlphaOne has allotted A sentiment score of 0.184 to Colgate-Palmolive Company (NYSE:CL) while impact score assigned is 66 as on as on 2016-07-11.

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