TD Cowen Raises Clorox (NYSE:CLX) Price Target to $111.00

Clorox (NYSE:CLX) had its target price upped by TD Cowen from $98.00 to $111.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s target price points to a potential upside of 6.27% from the company’s previous close.

Several other research analysts have also issued reports on the company. Wall Street Zen upgraded Clorox from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Jefferies Financial Group dropped their price objective on Clorox from $152.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Weiss Ratings lowered Clorox from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Wells Fargo & Company set a $125.00 target price on Clorox in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. upped their price target on Clorox from $114.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $118.00.

Clorox Stock Up 0.8%

Shares of NYSE:CLX opened at $104.45 on Tuesday. The company has a debt-to-equity ratio of 71.03, a current ratio of 0.74 and a quick ratio of 0.48. The stock has a market cap of $12.63 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 0.51 and a beta of 0.65. The company has a 50 day moving average of $115.25 and a 200-day moving average of $111.80. Clorox has a one year low of $96.66 and a one year high of $150.84.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.04). Clorox had a net margin of 11.17% and a return on equity of 383.01%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company earned $1.55 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts forecast that Clorox will post 7.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLX. Total Investment Management Inc. bought a new stake in shares of Clorox in the second quarter worth about $25,000. Center for Financial Planning Inc. bought a new position in shares of Clorox during the 3rd quarter valued at about $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Clorox in the 3rd quarter valued at approximately $25,000. Caitlin John LLC increased its stake in Clorox by 1,807.1% during the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock worth $27,000 after purchasing an additional 253 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in Clorox by 1,020.0% during the 3rd quarter. True Wealth Design LLC now owns 224 shares of the company’s stock worth $28,000 after purchasing an additional 204 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.