|Bid||0.00 x 1400|
|Ask||0.00 x 1300|
|Day's Range||75.92 - 76.66|
|52 Week Range||74.14 - 86.41|
|Beta (5Y Monthly)||0.59|
|PE Ratio (TTM)||23.75|
|Earnings Date||Oct 29, 2021|
|Forward Dividend & Yield||1.80 (2.37%)|
|Ex-Dividend Date||Oct 20, 2021|
|1y Target Est||86.70|
Chinese property owner Evergrande looks as though it may default on its debts, and many fear this could spark a domino effect causing a global economic recession, which is why the stock market plunged last week. Colgate-Palmolive (NYSE: CL), Airbnb (NASDAQ: ABNB), and Altria (NYSE: MO) are three stocks that could help insulate your portfolio from the next downturn. A safe place with thick walls and a well-stocked pantry is the consumer staples sector, and Colgate-Palmolive is one of the most solid companies in it.
Shares of Colgate-Palmolive were higher in a sharply lower broad market after analysts at Deutsche Bank upgraded the consumer-goods titan to buy from hold while raising its price target to $86 a share from $84. At last check Colgate-Palmolive shares were 0.4% higher at $76.55. The New York company has made "significant strides" over the past three years in updating its corporate culture with a healthier "growth mindset," a fact that markets are overlooking, the investment firm said.
Colgate-Palmolive was upgraded to buy from hold at Deutsche Bank, which lifted its price target to $86 from $84. Analyst Steve Powers said the company has worked over the last three years to instill a growth mindset that's being overlooked by the market. The analyst added the recent stock performance differentials between itself and peers -- notably Procter & Gamble -- are too severe.