#9 - Colgate-Palmolive (NYSE:CL)
There’s a reason why consumer staples stocks belong in every buy-and-hold portfolio. Companies such as Colgate-Palmolive (NYSE:CL) make products that consumers come back to again and again, regardless of the market. And with brand names like Colgate and Palmolive, CL has the advantage of brand loyalty. That’s nothing to brush aside too quickly in this market.
The last few years have been uneven in terms of growth. In fact, with the recent market volatility, the company is slightly negative for the last three years as of this writing. One explanation for this is the company got a little sloppy in how it spent its cash. Analysts and investors were not too pleased with the company’s margins. But that appears to be changing.
If you’re not invested in Colgate-Palmolive, now may be the time. According to reports hedge funds have never been so bullish on the stock and many have opened up long positions on the stock. That means institutional investors like the company’s future prospects.
About Colgate-Palmolive
Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.
Read More - Current Price
- $96.75
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 9 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $105.11 (8.6% Upside)
