New Lifetime High Today: Colgate-Palmolive (CL)

Trade-Ideas LLC identified Colgate-Palmolive (CL) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Colgate-Palmolive

(

CL

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Colgate-Palmolive as such a stock due to the following factors:

  • CL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $270.5 million.
  • CL has traded 50,354 shares today.
  • CL is trading at a new lifetime high.

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More details on CL:

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The stock currently has a dividend yield of 2.1%. CL has a PE ratio of 48. Currently there is 1 analyst that rates Colgate-Palmolive a buy, no analysts rate it a sell, and 14 rate it a hold.

The average volume for Colgate-Palmolive has been 3.1 million shares per day over the past 30 days. Colgate-Palmolive has a market cap of $65.1 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 0.84 and a short float of 1.1% with 2.49 days to cover. Shares are up 10% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Colgate-Palmolive as a

hold

. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and weak operating cash flow.

Highlights from the ratings report include:

  • The gross profit margin for COLGATE-PALMOLIVE CO is rather high; currently it is at 62.79%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 14.16% trails the industry average.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 10.5%. Since the same quarter one year prior, revenues slightly dropped by 7.6%. Weakness in the company's revenue seems to not be hurting the bottom line, shown by stable earnings per share.
  • COLGATE-PALMOLIVE CO reported flat earnings per share in the most recent quarter. The company has reported a trend of declining earnings per share over the past year. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, COLGATE-PALMOLIVE CO reported lower earnings of $1.51 versus $2.36 in the prior year. This year, the market expects an improvement in earnings ($2.81 versus $1.51).
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed compared to the Household Products industry average, but is greater than that of the S&P 500. The net income has decreased by 1.7% when compared to the same quarter one year ago, dropping from $542.00 million to $533.00 million.
  • Net operating cash flow has decreased to $614.00 million or 15.54% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, COLGATE-PALMOLIVE CO has marginally lower results.

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