Clorox Company (The) (CLX) Given Hold Rating at Jefferies Group LLC
Clorox Company (The) (NYSE:CLX)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group LLC in a research note issued on Wednesday. They presently have a $137.00 target price on the stock, up from their prior target price of $136.00. Jefferies Group LLC’s price objective points to a potential upside of 1.75% from the company’s current price. Jefferies Group also issued estimates for Clorox Company (The)’s Q1 2018 earnings at $1.41 EPS, Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.26 EPS, Q4 2018 earnings at $1.63 EPS, FY2019 earnings at $6.00 EPS and FY2020 earnings at $6.37 EPS.
Several other analysts have also weighed in on the company. Vetr lowered Clorox Company (The) from a “buy” rating to a “hold” rating and set a $139.67 price target on the stock. in a report on Tuesday, April 18th. BMO Capital Markets restated a “buy” rating and set a $136.00 price target on shares of Clorox Company (The) in a report on Thursday, May 4th. BidaskClub lowered Clorox Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Deutsche Bank AG restated a “hold” rating and set a $137.00 price target (up previously from $126.00) on shares of Clorox Company (The) in a report on Saturday, July 22nd. Finally, Royal Bank Of Canada set a $115.00 price target on Clorox Company (The) and gave the company a “hold” rating in a report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $129.05.
Clorox Company (NYSE CLX) traded down 0.13% on Wednesday, hitting $134.47. 113,284 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $134.34 and a 200-day moving average price of $133.08. Clorox Company has a 12 month low of $111.24 and a 12 month high of $141.76. The stock has a market cap of $17.32 billion, a P/E ratio of 26.56 and a beta of 0.40.
Clorox Company (The) (NYSE:CLX) last posted its earnings results on Thursday, August 3rd. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.04. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. Clorox Company (The) had a return on equity of 190.67% and a net margin of 11.74%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 EPS. Equities analysts predict that Clorox Company will post $5.68 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the company. TNB Financial acquired a new stake in Clorox Company (The) during the first quarter worth $464,000. First PREMIER Bank raised its stake in Clorox Company (The) by 2.1% in the first quarter. First PREMIER Bank now owns 3,550 shares of the company’s stock worth $479,000 after buying an additional 74 shares during the last quarter. CrestPoint Capital Management LLC acquired a new stake in Clorox Company (The) during the first quarter worth $216,000. Spirit of America Management Corp NY acquired a new stake in Clorox Company (The) during the first quarter worth $243,000. Finally, Bank of Montreal Can raised its stake in Clorox Company (The) by 55.1% in the first quarter. Bank of Montreal Can now owns 369,031 shares of the company’s stock worth $49,755,000 after buying an additional 131,122 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.
Clorox Company (The) Company Profile
The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.
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