Latest Stocks: Clorox Co (CLX) Receives $127.14 Average Price Target from Analysts

Latest Stocks: Clorox Co (CLX) Receives $127.14 Average Price Target from Analysts

Shares of Clorox Co (NYSE:CLX) have received an average rating of “Hold” from the fourteen research firms that are covering the firm, Marketbeat reports. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $127.14.

Several analysts have recently weighed in on the stock. Barclays PLC set a $140.00 price objective on shares of Clorox and gave the stock a “hold” rating in a report on Saturday, February 18th. B. Riley reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Clorox in a report on Saturday, February 11th. Citigroup Inc raised their price objective on shares of Clorox from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, April 7th. Royal Bank of Canada set a $115.00 price objective on shares of Clorox and gave the stock a “hold” rating in a report on Monday, April 24th. Finally, Vetr lowered shares of Clorox from a “buy” rating to a “hold” rating and set a $139.67 price objective for the company. in a report on Tuesday, April 18th.

Clorox (NYSE:CLX) opened at 136.91 on Tuesday. The stock has a 50 day moving average price of $133.58 and a 200-day moving average price of $128.25. The stock has a market cap of $17.63 billion, a P/E ratio of 27.05 and a beta of 0.32. Clorox has a 12-month low of $111.24 and a 12-month high of $140.47. Clorox (NYSE:CLX) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.01. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. Clorox had a net margin of 11.15% and a return on equity of 239.42%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $1.21 earnings per share. On average, equities analysts expect that Clorox will post $5.31 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Wednesday, July 19th will be paid a $0.84 dividend. This is a boost from Clorox’s previous quarterly dividend of $0.80. This represents a $3.36 dividend on an annualized basis and a yield of 2.45%. Clorox’s dividend payout ratio (DPR) is presently 64.13%. A number of institutional investors have recently made changes to their positions in the stock. Spectrum Management Group Inc. boosted its position in shares of Clorox by 9.3% in the third quarter. Spectrum Management Group Inc. now owns 4,160 shares of the company’s stock worth $521,000 after buying an additional 355 shares during the last quarter. UMB Bank N A MO boosted its position in shares of Clorox by 0.6% in the third quarter. UMB Bank N A MO now owns 31,719 shares of the company’s stock worth $3,971,000 after buying an additional 195 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Clorox by 9.7% in the third quarter. First Citizens Bank & Trust Co. now owns 3,975 shares of the company’s stock worth $498,000 after buying an additional 350 shares during the last quarter. Rothschild Asset Management Inc. boosted its position in shares of Clorox by 67.6% in the third quarter. Rothschild Asset Management Inc. now owns 6,431 shares of the company’s stock worth $805,000 after buying an additional 2,595 shares during the last quarter. Finally, DnB Asset Management AS purchased a new position in shares of Clorox during the third quarter worth $1,369,000. 70.14% of the stock is currently owned by hedge funds and other institutional investors.

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