NEW YORK (

TheStreet

) --

Colgate-Palmolive Company

(NYSE:

CL

) hit a new 52-week high Thursday as it is currently trading at $106.08, above its previous 52-week high of $106.06 with 1.2 million shares traded as of 12:09 p.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Colgate-Palmolive has a market cap of $48.73 billion and is part of the

consumer goods

sector and

consumer non-durables

industry. Shares are up 10.7% year to date as of the close of trading on Wednesday.

Colgate-Palmolive Company, together with its subsidiaries, manufactures and markets consumer products worldwide. The company has a P/E ratio of 20.4, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Colgate-Palmolive as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Colgate-Palmolive Ratings Report

.

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