The Clorox Given Consensus Recommendation of “Hold” by Analysts (NYSE:CLX)
Shares of The Clorox (NYSE:CLX) have earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the stock, ARN reports. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $79.89.
In other The Clorox news, VP Thomas D. Johnson sold 23,737 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $89.44, for a total value of $2,123,037.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of The Clorox (NYSE:CLX) opened at 90.40 on Friday. The Clorox has a 1-year low of $80.20 and a 1-year high of $96.76. The stock’s 50-day moving average is $89.21 and its 200-day moving average is $89.32. The company has a market cap of $11.624 billion and a price-to-earnings ratio of 21.00. The Clorox also was the target of unusually large options trading on Tuesday. Stock investors bought 4,636 put options on the stock. This is an increase of approximately 835% compared to the typical daily volume of 496 put options.
The Clorox (NYSE:CLX) last announced its earnings results on Thursday, May 1st. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by $0.03. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts expect that The Clorox will post $4.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 8th. Stockholders of record on Wednesday, July 23rd will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Monday, July 21st. This is a boost from The Clorox’s previous quarterly dividend of $0.71.
A number of research firms have recently commented on CLX. Analysts at Zacks reiterated a “neutral” rating on shares of The Clorox in a research note on Friday, May 16th. They now have a $93.00 price target on the stock. Separately, analysts at B. Riley cut their price target on shares of The Clorox from $85.00 to $79.00 in a research note on Monday, May 12th. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of The Clorox from $83.00 to $4.00 in a research note on Tuesday, May 6th.
The Clorox Company (NYSE:CLX) is a manufacturer and marketer of consumer and professional products.
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