Colgate-Palmolive (CL) Coveraged By Evercore ISI Group with $70 Target; New Residential Investment (NRZ) Sentiment Is 1.43

New Residential Investment Corp (NRZ) investors sentiment increased to 1.43 in 2018 Q3. It’s up 0.28, from 1.15 in 2018Q2. The ratio is positive, as 137 funds opened new and increased positions, while 96 sold and trimmed stock positions in New Residential Investment Corp. The funds in our database now own: 157.56 million shares, down from 157.86 million shares in 2018Q2. Also, the number of funds holding New Residential Investment Corp in top ten positions decreased from 6 to 3 for a decrease of 3. Sold All: 32 Reduced: 64 Increased: 85 New Position: 52.

Expert analysts at Evercore ISI Group has started coverage on Colgate-Palmolive (NYSE:CL) with a “Outperform” rating. The PT for CL is exactly $70. It means a potential upside of 12.72% from company’s last stock close price.

Orinda Asset Management Llc holds 10.8% of its portfolio in New Residential Investment Corp. for 299,585 shares. Kingstown Capital Management L.P. owns 3.00 million shares or 7.09% of their US portfolio. Moreover, Doheny Asset Management Ca has 5.14% invested in the company for 551,348 shares. The Virginia-based Yorktown Management & Research Co Inc has invested 4.69% in the stock. Swift Run Capital Management Llc, a Virginia-based fund reported 191,403 shares.

More notable recent New Residential Investment Corp. (NYSE:NRZ) news were published by: Seekingalpha.com which released: “New Residential bounces as KBW advises buying the dip – Seeking Alpha” on December 14, 2018, also Seekingalpha.com with their article: “New Residential +2.1% after keeping dividend steady – Seeking Alpha” published on December 21, 2018, Investorplace.com published: “7 High Yielding, High-Risk Stocks With Long-Term Potential – Investorplace.com” on January 02, 2019. More interesting news about New Residential Investment Corp. (NYSE:NRZ) were released by: Seekingalpha.com and their article: “New Residential Investment declares $0.50 dividend – Seeking Alpha” published on September 20, 2018 as well as Seekingalpha.com‘s news article titled: “NRZ: Simply The Single Biggest Hidden Gem In Broad Daylight In Mortgage REITs – Seeking Alpha” with publication date: October 26, 2018.

New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. The company has market cap of $5.74 billion. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments divisions. It has a 4.14 P/E ratio. The firm invests in excess mortgage servicing rights on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs.

Analysts await New Residential Investment Corp. (NYSE:NRZ) to report earnings on February, 12. They expect $0.55 earnings per share, down 9.84% or $0.06 from last year’s $0.61 per share. NRZ’s profit will be $200.93M for 7.15 P/E if the $0.55 EPS becomes a reality. After $0.63 actual earnings per share reported by New Residential Investment Corp. for the previous quarter, Wall Street now forecasts -12.70% negative EPS growth.

The stock decreased 0.06% or $0.01 during the last trading session, reaching $15.72. About 1.59M shares traded. New Residential Investment Corp. (NRZ) has declined 6.97% since January 11, 2018 and is downtrending. It has underperformed by 6.97% the S&P500. Some Historical NRZ News: 28/03/2018 – NEW RESIDENTIAL INVESTMENT- UNIT ISSUED $425 MLN OF BALANCE OF SERVICER ADVANCE RECEIVABLES, DEFERRED SERVICING FEE BACKED VARIABLE FUNDING NOTES; 28/03/2018 – NEW RESIDENTIAL INVESTMENT CORP – ON MARCH 22, CO, UNITS ENTERED INTO A FINANCING TRANSACTION – SEC FILING; 27/04/2018 – NEW RESIDENTIAL INVESTMENT CORP QUARTERLY NET INTEREST INCOME $259.2 MLN VS $235.3 MLN IN THE PRIOR QUARTER; 22/03/2018 – New Residential Declares a First Quarter Dividend of $0.50 per Common Share; 15/05/2018 – ALTISOURCE PORTFOLIO SOLUTIONS SA-ON MAY 8, UNIT, NEW RESIDENTIAL INVESTMENT ENTERED AMENDMENT TO PREVIOUSLY DISCLOSED NON-BINDING LOI DATED AUGUST 28; 21/04/2018 – DJ New Residential Investment Corp, Inst Holders, 1Q 2018 (NRZ); 13/03/2018 MOODY’S AFFIRMS ALTISOURCE’S B3 RATINGS, REVISES OUTLOOK TO POSITIVE; 27/04/2018 – New Residential Invt 1Q EPS $1.81; 27/04/2018 – New Residential Invt 1Q Net $604.3M

Among 10 analysts covering Colgate-Palmolive (NYSE:CL), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Colgate-Palmolive has $75 highest and $54 lowest target. $66.13’s average target is 6.49% above currents $62.1 stock price. Colgate-Palmolive had 13 analyst reports since July 19, 2018 according to SRatingsIntel. Macquarie Research downgraded Colgate-Palmolive Company (NYSE:CL) on Monday, July 30 to “Neutral” rating. The firm has “Neutral” rating given on Tuesday, July 31 by Citigroup. On Thursday, July 19 the stock rating was upgraded by UBS to “Buy”. The company was maintained on Wednesday, October 17 by Wells Fargo. The firm earned “Neutral” rating on Monday, October 29 by Citigroup. The firm has “Underweight” rating by JP Morgan given on Monday, October 29. The firm has “Hold” rating by SunTrust given on Monday, October 29. The firm has “Hold” rating by Stifel Nicolaus given on Monday, July 23. The stock has “Buy” rating by Argus Research on Tuesday, September 18. The firm has “Market Perform” rating by Wells Fargo given on Monday, October 29.

Since July 16, 2018, it had 0 buys, and 7 insider sales for $12.09 million activity. Shotts Philip G. had sold 462 shares worth $30,978 on Tuesday, September 11. 120,000 shares were sold by HICKEY DENNIS J, worth $7.89 million. Deoras Mukul had sold 11,334 shares worth $737,863. Shares for $1.28M were sold by Marsili Daniel B. $978,572 worth of Colgate-Palmolive Company (NYSE:CL) shares were sold by MOISON FRANCK J. The insider JAKOBSEN HENNING I sold $68,060.

Analysts await Colgate-Palmolive Company (NYSE:CL) to report earnings on January, 25 before the open. They expect $0.73 earnings per share, down 2.67% or $0.02 from last year’s $0.75 per share. CL’s profit will be $633.09M for 21.27 P/E if the $0.73 EPS becomes a reality. After $0.72 actual earnings per share reported by Colgate-Palmolive Company for the previous quarter, Wall Street now forecasts 1.39% EPS growth.

Investors sentiment decreased to 0.8 in Q3 2018. Its down 0.01, from 0.81 in 2018Q2. It is negative, as 37 investors sold Colgate-Palmolive Company shares while 441 reduced holdings. 90 funds opened positions while 291 raised stakes. 607.72 million shares or 0.75% less from 612.32 million shares in 2018Q2 were reported. Retail Bank Of Nova Scotia holds 0.15% or 489,340 shares in its portfolio. Moreover, Fjarde Ap has 0.21% invested in Colgate-Palmolive Company (NYSE:CL) for 213,811 shares. Gould Asset Lc Ca holds 4,150 shares. First Mercantile Co holds 43,510 shares. Parthenon Ltd Liability reported 31,718 shares. Gp One Trading Limited Partnership, Illinois-based fund reported 23,915 shares. Lawson Kroeker Investment Mngmt Incorporated Ne owns 6,064 shares. Cape Cod Five Cents Comml Bank reported 14,790 shares. State Of New Jersey Common Pension Fund D owns 0.19% invested in Colgate-Palmolive Company (NYSE:CL) for 784,000 shares. Murphy Mngmt Inc reported 27,210 shares or 0.25% of all its holdings. Azimuth Mngmt Ltd accumulated 112,101 shares. Ci Investments Inc owns 202,560 shares. New England Rech & Mgmt stated it has 0.4% in Colgate-Palmolive Company (NYSE:CL). Sawgrass Asset Mngmt Limited Liability invested in 14,555 shares or 0.04% of the stock. Legacy Capital Prtn Inc holds 46,141 shares or 1.42% of its portfolio.

The stock increased 0.44% or $0.28 during the last trading session, reaching $62.1. About 1.32M shares traded. Colgate-Palmolive Company (NYSE:CL) has declined 13.20% since January 11, 2018 and is downtrending. It has underperformed by 13.20% the S&P500. Some Historical CL News: 07/03/2018 – Colgate Recommends Shareholders Reject “Mini-Tender” Offer By Baker Mills LLC; 20/04/2018 – DJ Colgate-Palmolive Company, Inst Holders, 1Q 2018 (CL); 27/04/2018 – COLGATE-PALMOLIVE – CONTINUE TO PLAN FOR INCREASED ADVERTISING INVESTMENT FOR FULL YEAR IN SUPPORT OF NEW PRODUCTS; 27/04/2018 – Colgate-Palmolive 1Q Operating Profit $983M; 07/03/2018 – Colgate-Palmolive Raises Dividend to 42c Vs. 40c; 21/05/2018 – COLGATE-PALMOLIVE (INDIA) LTD COLG.NS – MARCH QTR NET PROFIT 1.89 BLN RUPEES VS PROFIT OF 1.43 BLN RUPEES LAST YEAR; 27/04/2018 – Colgate-Palmolive 1Q Net $634M; 03/04/2018 – Among the firms are Stanley Black & Decker, Colgate-Palmolive and Campbell Soup; 27/04/2018 – Colgate’s quarterly sales rise 6.4 percent; 23/05/2018 – Colgate-Palmolive Aims for 100 % Recyclability of Plastics in Packaging Across All Its Pdt Categories by 2025

Colgate-Palmolive Company (NYSE:CL) Institutional Positions Chart

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