#3 - Colgate-Palmolive (NYSE:CL)
The Colgate-Palmolive Company (NYSE: CL) is known for the products that consumers need every day. That doesn't necessarily mean you should consider the stock, but there are other reasons. However, there are several fundamental reasons as to why you should consider this blue-chip stock.
Colgate-Palmolive continues to show top-line growth. However, in its most recent quarter, that revenue growth is starting to show up in the company's bottom line. And the company is expected to post 8.8% earnings growth over the next 12 months.
That showcases the company's ability to absorb and pass along price increases to consumers, which is what you expect from a blue-chip company. CL stock currently trades at 41x earnings. But the forward P/E is a far more ideal 23x, which is consistent with the consumer staples sector.
Colgate-Palmolive is also another dividend king that makes this list. The company has increased its dividend for 61 consecutive years and currently has a 2.61% yield.
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
- $92.03
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 9 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $105.11 (14.2% Upside)
