CLARCOR Downgraded by Zacks (CLC)
CLARCOR (NYSE:CLC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday. They currently have a $65.80 target price on the stock. Zacks‘s price target indicates a potential upside of 6.35% from the stock’s previous close.
Separately, analysts at Robert W. Baird upgraded shares of CLARCOR from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 17th. They now have a $67.00 price target on the stock. They noted that the move was a valuation call.
Shares of CLARCOR (NYSE:CLC) traded up 0.08% on Wednesday, hitting $61.92. The stock had a trading volume of 69,080 shares. CLARCOR has a one year low of $52.29 and a one year high of $65.08. The stock’s 50-day moving average is $60.51 and its 200-day moving average is $58.05. The company has a market cap of $3.124 billion and a P/E ratio of 26.00.
CLARCOR (NYSE:CLC) last announced its earnings results on Wednesday, June 18th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.14. The company had revenue of $386.60 million for the quarter, compared to the consensus estimate of $364.30 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 34.4% on a year-over-year basis. Analysts expect that CLARCOR will post $2.79 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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