Clorox Price Target Raised to $90.00 at JPMorgan Chase & Co. (CLX)
Stock analysts at JPMorgan Chase & Co. raised their target price on shares of Clorox (NYSE:CLX) from $85.00 to $90.00 in a report issued on Monday, ARN reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 10.27% from the company’s current price.
Clorox (NYSE:CLX) traded up 0.06% on Monday, hitting $81.62. The stock had a trading volume of 1,206,091 shares. Clorox has a one year low of $71.00 and a one year high of $90.10. The stock’s 50-day moving average is $83.15 and its 200-day moving average is $85.21. The company has a market cap of $10.646 billion and a price-to-earnings ratio of 18.99.
Clorox (NYSE:CLX) last released its earnings data on Thursday, August 1st. The company reported $1.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.34 by $0.04. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Analysts expect that Clorox will post $4.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Wednesday, October 30th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Monday, October 28th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse downgraded shares of Clorox from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, September 20th. They now have a $78.00 price target on the stock, down previously from $87.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Clorox in a research note to investors on Wednesday, August 14th. They now have a $91.00 price target on the stock. Finally, analysts at Argus initiated coverage on shares of Clorox in a research note to investors on Monday, July 15th. They set a “buy” rating and a $95.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $84.29.
The Clorox Company (NYSE:CLX) is a manufacturer and marketer of consumer and professional products.
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