The shares of Colgate-Palmolive Co. (CL - Analyst Report)
reached a new 52-week high of $66.05 on Nov 6, 2013, gaining momentum from the
company’s recently reported strong top and bottom-line results for third-quarter
2013 and an impressive full-year outlook.
This seller of consumer products worldwide eventually closed
at $66.01 yesterday, amassing a year-to-date return of roughly 27.0%. Average
volume of shares traded over the last 3 months stands at approximately 3,020 K.
The company currently trades at a forward P/E of 23.3x, a
14.8% premium to the peer group average of 20.3x. The last traded price is 1.8%
above the Zacks Consensus average analyst price target of $64.86. Read more
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