Deutsche Bank AG Reaffirms “Hold” Rating for Clorox Company (The) (CLX)

Clorox Company (The) (NYSE:CLX)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank AG in a research report issued to clients and investors on Saturday, July 22nd. They currently have a $137.00 price objective on the stock, up from their prior price objective of $126.00. Deutsche Bank AG’s target price would indicate a potential downside of 0.53% from the stock’s current price.

Several other brokerages also recently commented on CLX. Vetr downgraded shares of Clorox Company (The) from a “buy” rating to a “hold” rating and set a $139.67 price objective for the company. in a research report on Tuesday, April 18th. Jefferies Group LLC assumed coverage on shares of Clorox Company (The) in a research report on Tuesday, April 18th. They set a “hold” rating and a $138.00 price objective for the company. Royal Bank Of Canada set a $115.00 price objective on shares of Clorox Company (The) and gave the company a “hold” rating in a research report on Monday, April 24th. Zacks Investment Research raised shares of Clorox Company (The) from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a research note on Wednesday, April 5th. Finally, BidaskClub cut shares of Clorox Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $129.05.

Shares of Clorox Company (NYSE:CLX) traded up 0.41% during trading on Friday, hitting $137.73. The stock had a trading volume of 734,445 shares. Clorox Company has a one year low of $111.24 and a one year high of $141.76. The company has a market cap of $17.78 billion, a P/E ratio of 25.82 and a beta of 0.40. The stock’s 50-day moving average price is $133.55 and its 200-day moving average price is $134.12.

Clorox Company (The) (NYSE:CLX) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.49 by $0.04. Clorox Company (The) had a net margin of 11.74% and a return on equity of 190.67%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business earned $1.30 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that Clorox Company will post $5.67 EPS for the current fiscal year.

WARNING: “Deutsche Bank AG Reaffirms “Hold” Rating for Clorox Company (The) (CLX)” was posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://www.com-unik.info/2017/08/19/deutsche-bank-ag-reaffirms-hold-rating-for-clorox-company-the-clx-updated-updated-updated.html.

A number of hedge funds have recently modified their holdings of CLX. Vanguard Group Inc. boosted its stake in shares of Clorox Company (The) by 2.6% in the second quarter. Vanguard Group Inc. now owns 14,534,634 shares of the company’s stock worth $1,936,595,000 after buying an additional 369,918 shares during the period. BlackRock Inc. boosted its stake in shares of Clorox Company (The) by 1,402.2% in the first quarter. BlackRock Inc. now owns 10,390,206 shares of the company’s stock worth $1,400,912,000 after buying an additional 9,698,542 shares during the period. State Street Corp boosted its stake in shares of Clorox Company (The) by 2.2% in the first quarter. State Street Corp now owns 7,648,999 shares of the company’s stock worth $1,031,304,000 after buying an additional 167,689 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Clorox Company (The) by 5.3% in the second quarter. Wells Fargo & Company MN now owns 4,412,600 shares of the company’s stock worth $587,934,000 after buying an additional 221,168 shares during the period. Finally, Parnassus Investments CA purchased a new stake in shares of Clorox Company (The) during the first quarter worth approximately $434,255,000. 69.83% of the stock is currently owned by institutional investors and hedge funds.

About Clorox Company (The)

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.

Analyst Recommendations for Clorox Company (The) (NYSE:CLX)

What are top analysts saying about Clorox Company (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Clorox Company (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit