Colgate-Palmolive Company (NYSE:CL) hit a new 52-week high Wednesday as it is currently trading at $110.12, above its previous 52-week high of $109.84 with 577,649 shares traded as of 10:26 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Colgate-Palmolive Company (NYSE: CL) hit a new 52-week high Wednesday as it is currently trading at $110.12, above its previous 52-week high of $109.84 with 577,649 shares traded as of 10:26 a.m. ET. Average volume has been 1.8 million shares over the past 30 days. Colgate-Palmolive has a market cap of $51.43 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 17.5% 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 21.5, 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, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Colgate-Palmolive Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.