Analyst Rating Update on Clorox Company (The) (CLX)

Clorox Company (The) (NYSE:CLX) : 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Clorox Company (The) (NYSE:CLX). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 4 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Sell with a rating of 3.64.

Clorox Company (The) (NYSE:CLX) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $132 and the lowest price target forecast is $109. The average forecast of all the analysts is $122.13 and the expected standard deviation is $8.66.

Company shares have received an average consensus rating of Hold for the current week Also, Atlantic Equities initiates coverage on Clorox Company (The) (NYSE:CLX) The current rating of the shares is Neutral. The rating by the firm was issued on June 14, 2016.

Clorox Company (The) (NYSE:CLX): On Tuesdays trading session , Opening price of the stock was $137.2 with an intraday high of $137.2. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $135.53. However, the stock managed to close at $136.66, a loss of 0.27% for the day. On the previous day, the stock had closed at $137.03. The total traded volume of the day was 1,485,773 shares.

In an insider trading activity,The officer (EVP-COO – Household) of Clorox Co /De/, Vlahos Nikolaos A sold 2,151 shares at $132.25 on May 10, 2016. The Insider selling transaction had a total value worth of $284,470. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

The Clorox Company (Clorox) is a United States-based manufacturer and marketer of consumer and professional products. The Company sells its products through mass retail outlets, e-commerce channels, distributors, and medical supply providers. The Company operates through strategic business units that are aggregated into four reportable segments: Cleaning, which consists of laundry, home care and professional products marketed and sold in the United States; Household, which consists of charcoal, cat litter and plastic bags, wraps and container products; Lifestyle, which includes food products, water-filtration systems and filters and natural personal care products, and International, which consists of products sold outside the United States, such as laundry, home care, water-filtration, charcoal and cat litter products, dressings and sauces, plastic bags, wraps and containers and natural personal care products.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.