The Clorox Given Consensus Rating of “Hold” by Brokerages (NYSE:CLX)
The Clorox (NYSE:CLX) has earned a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, Analyst Ratings Net reports. Four analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $80.90.
Shares of The Clorox (NYSE:CLX) opened at 88.74 on Wednesday. The Clorox has a 52-week low of $80.20 and a 52-week high of $96.76. The stock’s 50-day moving average is $89.16 and its 200-day moving average is $89.12. The company has a market cap of $11.434 billion and a P/E ratio of 20.96.
The Clorox (NYSE:CLX) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by $0.05. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts predict that The Clorox will post $4.42 earnings per share for the current fiscal year.
In other The Clorox news, COO Benno O. Dorer unloaded 2,505 shares of The Clorox stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $89.12, for a total transaction of $223,245.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on CLX shares. Analysts at Zacks reiterated a “neutral” rating on shares of The Clorox in a research note on Thursday, August 14th. 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 $79.00 to $77.00 in a research note on Monday, August 4th. They now have a “neutral” rating on the stock. Finally, analysts at BTIG Research downgraded shares of The Clorox from a “buy” rating to a “neutral” rating in a research note on Friday, July 18th. They now have a $92.00 price target on the stock.
The Clorox Company (NYSE:CLX) is a manufacturer and marketer of consumer and professional products.
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