The Clorox Receives “A-” Credit Rating from Morningstar (CLX)
The Clorox (NYSE:CLX) has earned an “A-” credit rating from analysts at Morningstar. The firm’s “A-” rating suggests that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a four star rating.
A number of other analysts have also recently weighed in on CLX. 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. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $80.90.
Shares of The Clorox (NYSE:CLX) opened at 88.81 on Friday. 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 $88.94 and its 200-day moving average is $89.12. The company has a market cap of $11.443 billion and a P/E ratio of 20.98.
The Clorox (NYSE:CLX) last posted its earnings data on Friday, August 1st. The company reported $1.30 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.38 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts expect that The Clorox will post $4.42 EPS for the current fiscal year.
In other The Clorox news, COO Benno O. Dorer sold 2,505 shares of the stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $89.12, for a total transaction of $223,245.60. The sale was disclosed in a filing with the SEC, which is available at this link.
The Clorox Company (NYSE:CLX) is a manufacturer and marketer of consumer and professional products.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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