Colgate-Palmolive Reaches New 52-Week High (CL)

NEW YORK ( TheStreet) -- Colgate-Palmolive Company (NYSE: CL) hit a new 52-week high Friday as it is currently trading at $98.85, above its previous 52-week high of $98.77 with 996,779 shares traded as of 11:35 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Colgate-Palmolive has a market cap of $46.36 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 6.6% year to date as of the close of trading on Thursday.

Colgate-Palmolive Company, together with its subsidiaries, manufactures and markets consumer products worldwide. The company has a P/E ratio of 19.9, above the average consumer non-durables industry P/E ratio of 19.6 and above the S&P 500 P/E ratio of 17.7.

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 and expanding profit margins. 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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