Name of opportunity: 👀
Colgate-Palmolive Co
Slow and steady: 🐢
Health and beauty brand Colgate-Palmolive, known for its dental hygiene products, has frequently been highlighted by analysts as one of the least volatile stocks available. It features on the S&P 500 Low Volatility Rate Response Index, which measures the performance of the top 100 companies of the S&P 500 that exhibit low volatility. Part of the appeal of stocks with a low level of volatility is that they can go up and down less during bear markets (periods where securities prices can fall by 20% or more due to a number of factors) - generally speaking, they go up and down less, period. This makes this type of stock attractive to more conservative investors who prefer a lower level of risk in their investments.
How hot is this investment opportunity? 🔥🔥🔥
Another reason why investors might be interested in Colgate-Palmolive is that it has a dividend yield of 1.93%, paying $1.94 per share in the last 12 months. If you invested $1000, you would receive $19.30 annually.
Analysts predict a 3.57% decrease in the next 12 months, reaching an average target price of $97.00. Colgate-Palmolive has surged gradually over the last 6 months, going up 21.24%, so this predicted change would still leave the stock in a better position than it was in a year ago.
The price difference will be less than US$5, so if you are a more cautious investor who thinks Colgate-Palmolive could be a great addition to your portfolio, bear in mind that waiting for the price drop won’t make a significant difference. It seems that analysts think the stock's true value is a little below what it is currently priced at - it could be that it is currently overvalued, having been driven up by investor enthusiasm. Despite this predicted drop in price, it's currently rated a 'Buy' anyway by analysts.
Colgate-Palmolive shared some positive results in their Q2 earnings report at the end of July. Net sales increased 4.9% year-on-year, and Colgate’s global market share in the toothpaste market is 41.5% year to date. It’s clear to see that this company is currently performing solidly.
Health and beauty mainstay: 🧼
Colgate-Palmolive Company is a household and consumer products company. The Company operates in two product segments: Oral, Personal and Home Care; and Pet Nutrition. Toiletries company Colgate merged with soap company Palmolive in 1927. Some of the company’s most well known brands include: Ajax household cleaning products and Hill’s pet nutrition in the US, Cibaca dental hygiene products in India, and Kolynos toothpaste in Latin America.
Which neme?: 🔍
‘Beauty’
Download Nemo to check out Colgate-Palmolive
