Atlantic Equities Upgrades Clorox Co to Buy

Brokerage firm Atlantic Equities Upgrades its rating on Clorox Co(NYSE:CLX). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Atlantic Equities was issued on Sep 16, 2016.

In a different note, On Aug 8, 2016, Citigroup said it Maintains its rating on Clorox Co. In the research note, the firm Raises the price-target to $134.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 4, 2016, UBS said it Maintains its rating on Clorox Co. In the research note, the firm Raises the price-target to $112.00 per share. The shares have been rated ‘Sell’ by the firm. On Jul 20, 2016, Deutsche Bank said it Maintains its rating on Clorox Co. In the research note, the firm Raises the price-target to $130.00 per share. The shares have been rated ‘Hold’ by the firm.

Clorox Co (CLX) made into the market gainers list on Thursdays trading session with the shares advancing 1.74% or 2.16 points. Due to strong positive momentum, the stock ended at $126.57, which is also near the day’s high of $126.7. The stock began the session at $125.06 and the volume stood at 13,75,237 shares. The 52-week high of the shares is $140.47 and the 52 week low is $112.75. The company has a current market capitalization of $16,387 M and it has 12,94,69,454 shares in outstanding.

Clorox Co has also declared a cash dividend of $0.8000 on Sep 13, 2016. The shares will quote ex-dividend on Oct 24, 2016 and the record date has been fixed on Oct 26, 2016. The dividend payable date has been fixed on Nov 14, 2016.

Clorox Co(CLX) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $1.60B. Analysts had an estimated revenue of $1.58B. Earnings per share were $1.26. Analysts had estimated an EPS of $1.28.

Several Insider Transactions has been reported to the SEC. On Sep 7, 2016, Laura Stein (EVP – General Counsel) sold 38,882 shares at $131.69 per share price.Also, On Aug 31, 2016, Jon M Balousek (SVP – GM, Specialty Div) sold 5,136 shares at $131.14 per share price.On Aug 19, 2016, Dawn C Willoughby (EVP-COO – Cleaning, Int’nl) sold 10,617 shares at $131.01 per share price, according to the Form-4 filing with the securities and exchange commission.

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 *

Clorox Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Clorox Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.