CLARCOR Rating Lowered to Neutral at Robert W. Baird (CLC)
CLARCOR (NYSE:CLC) was downgraded by Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. They currently have a $59.00 target price on the stock, down from their previous target price of $62.00. Robert W. Baird’s price target would suggest a potential upside of 3.80% from the company’s current price.
Shares of CLARCOR (NYSE:CLC) traded up 0.55% on Friday, hitting $56.84. 206,576 shares of the company’s stock traded hands. CLARCOR has a 1-year low of $50.92 and a 1-year high of $65.08. The stock’s 50-day moving average is $56.50 and its 200-day moving average is $58.3. The company has a market cap of $2.866 billion and a P/E ratio of 24.07.
CLARCOR (NYSE:CLC) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that CLARCOR will post $2.72 earnings per share 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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