Berenberg Bank analyst Fulvio Cazzol maintained a Sell rating on Colgate-Palmolive (NYSE:CL) on Monday, setting a price target of $69, which is approximately 10.62% below the present share price of $77.2.
Cazzol expects Colgate-Palmolive to post earnings per share (EPS) of $0.83 for the third quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Colgate-Palmolive, with an average price target of $76.71.
The analysts price targets range from a high of $88 to a low of $67.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $4.1 billion and a net profit of $952 million. The company's market cap is $66.12 billion.
According to TipRanks.com, Berenberg Bank analyst Fulvio Cazzol is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of -0.4% and a 45.65% success rate.
Colgate-Palmolive Co. is engaged in the manufacturing and distribution of consumer products. It operates through Oral, Personal and Home Care and Pet Nutrition segments. The Oral, Personal and Home Care segment represents North America, Latin America, Europe, Asia Pacific, and Africa or Eurasia, all of which sell to a variety of retail and wholesale customers and distributors. The Pet Nutrition segment offers pet nutrition products for dogs and cats. The company was founded by William Colgate in 1806 and is headquartered in New York, NY.