Clorox (NYSE:CLX) received a $131.00 price objective from equities research analysts at Barclays in a research report issued to clients and investors on Saturday. The brokerage currently has a “hold” rating on the stock. Barclays’ price objective would suggest a potential downside of 12.42% from the company’s previous close.
Several other brokerages also recently weighed in on CLX. ValuEngine raised Clorox from a “hold” rating to a “buy” rating in a report on Saturday, September 22nd. Atlantic Securities began coverage on Clorox in a report on Thursday, September 20th. They set a “neutral” rating and a $151.00 price target for the company. Argus raised Clorox from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a report on Tuesday, September 25th. Zacks Investment Research downgraded Clorox from a “buy” rating to a “hold” rating in a report on Friday. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $153.00 price target on shares of Clorox in a report on Friday, August 3rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $137.00.
Shares of NYSE CLX opened at $149.58 on Friday. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.09 and a quick ratio of 0.67. Clorox has a 1-year low of $113.57 and a 1-year high of $153.38. The firm has a market cap of $19.21 billion, a P/E ratio of 23.89, a P/E/G ratio of 3.11 and a beta of 0.36.
In other Clorox news, EVP Linda J. Rendle sold 382 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $148.32, for a total value of $56,658.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Dawn C. Willoughby sold 3,387 shares of Clorox stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $148.01, for a total value of $501,309.87. The disclosure for this sale can be found here. In the last three months, insiders sold 29,268 shares of company stock valued at $4,196,686. 1.00% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC acquired a new position in shares of Clorox during the 2nd quarter worth $105,000. Ostrum Asset Management acquired a new position in shares of Clorox during the 1st quarter worth $112,000. Fort L.P. acquired a new position in shares of Clorox during the 2nd quarter worth $129,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Clorox by 1,297.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,621 shares of the company’s stock worth $148,000 after buying an additional 1,505 shares during the last quarter. Finally, IMS Capital Management acquired a new position in shares of Clorox during the 2nd quarter worth $161,000. 78.36% of the stock is owned by institutional investors and hedge funds.
The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands.
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