Clorox Co. Reaches New 12-Month High at $90.53 (CLX)
Clorox (NYSE:CLX)’s share price reached a new 52-week high during trading hours on Tuesday, Analyst Ratings Network.com reports. The company traded as high as $90.53 and last traded at $90.45, with a volume of 1,296,650 shares traded. The stock had previously closed at $89.26.
A number of analysts have recently weighed in on CLX shares. Analysts at Morgan Stanley downgraded shares of Clorox from an “equal weight” rating to an “underweight” rating in a research note to investors on Thursday, October 17th. They now have a $83.00 price target on the stock. Separately, analysts at Zacks reiterated a “hold” rating on shares of Clorox in a research note to investors on Monday, October 7th. They now have a $91.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Clorox from $85.00 to $90.00 in a research note to investors on Monday, October 7th. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $84.20.
Clorox has a 52-week low of $69.67 and a 52-week high of $90.10. The stock has a 50-day moving average of $84.33 and a 200-day moving average of $85.34. The company has a market cap of $11.805 billion and a P/E ratio of 20.78.
Clorox (NYSE:CLX) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.38 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.32 earnings per share. Clorox’s revenue was up .4% compared to the same quarter last year. Analysts expect that Clorox will post $4.58 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 3.14%. The ex-dividend date is Monday, October 28th.
The Clorox Company (NYSE:CLX) is a manufacturer and marketer of consumer and professional products.
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