Colgate-Palmolive Co. (NYSE: CL) Stock Increased 1.37% Last Week – That’s Proof That Its Volatility Isn’t Going Anywhere

Colgate-Palmolive Co. (NYSE:CL) does about 4.29M shares in volume on a normal day but saw 3229332 shares change hands in Monday’s trading. The company now has a market cap of 77.50B USD. Its current market price is $94.46, marking a decrease of -0.67% compared to the previous close of $95.10. The 52 week high reached by this stock is $95.25 whilst the lowest price level in 52 weeks is $67.62.

Colgate-Palmolive Co. (CL) has a 20-day trading average at $90.87 and the current price is -0.83% off the 52-week high compared with 39.69% distance from its 52-week low. The 50-day simple moving average of the closing price is $89.19 and its 200-day simple moving average is $80.08. If we look at the stock’s price movements over the week, volatility stands at 1.14%, which increases to 1.41% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.58 to suggest the stock is overbought.

The consensus objective for the share price is $81.74, suggesting that the stock has a potential downside of -15.56% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 01, 2024 when Goldman resumed the stock to “Buy” and issued a price target of $93. BofA Securities upgraded its price target at $90.

Colgate-Palmolive Co. (CL) stock is up 1.37% over the week and 10.03% over the past month. Its price is 18.50% year-to-date and 15.72% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -15.56 percent from here.

The company has a return on investment of 31.15% and return on equity of 2331.25%. The price to earnings ratio (P/E ratio) amounts to 29.92 while the forward price to earnings ratio is 24.60. The beta has a value of 0.39. Price to book ratio is 336.95 and price to sales ratio is 3.92.