Colgate-Palmolive Stock Hits New 52-Week High (CL)

NEW YORK ( TheStreet) -- Colgate-Palmolive Company (NYSE: CL) hit a new 52-week high Wednesday as it is currently trading at $99.89, above its previous 52-week high of $99.84 with 672,472 shares traded as of 12:59 p.m. ET. Average volume has been 2.2 million shares over the past 30 days.

Colgate-Palmolive has a market cap of $47.22 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 7.3% year to date as of the close of trading on Tuesday.

Colgate-Palmolive Company, together with its subsidiaries, manufactures and markets consumer products worldwide. The company has a P/E ratio of 19.7, equal to the average consumer non-durables industry P/E ratio 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, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Colgate-Palmolive Ratings Report.

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