BB&T Corp. Upgrades CLARCOR to Buy (CLC)
CLARCOR (NYSE:CLC) was upgraded by investment analysts at BB&T Corp. from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $65.00 price target on the stock. BB&T Corp.’s price objective points to a potential upside of 14.98% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of CLARCOR (NYSE:CLC) traded down 2.55% during mid-day trading on Tuesday, hitting $56.53. 351,997 shares of the company’s stock traded hands. CLARCOR has a 52 week low of $50.92 and a 52 week high of $65.08. The stock’s 50-day moving average is $56.53 and its 200-day moving average is $58.33. The company has a market cap of $2.850 billion and a price-to-earnings ratio of 24.70.
CLARCOR (NYSE:CLC) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.07. The company had revenue of $312.70 million for the quarter, compared to the consensus estimate of $317.46 million. Analysts expect that CLARCOR will post $2.72 EPS for the current fiscal year.
CLARCOR Inc (NYSE:CLC) is a provider of filtration products, filtration systems and services, and consumer and industrial packaging products.
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