Deutsche Bank Aktiengesellschaft Cuts Clorox (NYSE:CLX) Price Target to $101.00
by Kim Johansen · The Markets DailyClorox (NYSE:CLX – Free Report) had its target price cut by Deutsche Bank Aktiengesellschaft from $112.00 to $101.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a hold rating on the stock.
Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company set a $125.00 price target on shares of Clorox in a report on Tuesday, February 17th. JPMorgan Chase & Co. raised their price objective on shares of Clorox from $114.00 to $117.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Wall Street Zen raised shares of Clorox from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. The Goldman Sachs Group reduced their target price on shares of Clorox from $110.00 to $94.00 and set a “sell” rating for the company in a research note on Wednesday, January 7th. Finally, UBS Group increased their target price on Clorox from $115.00 to $121.00 and gave the stock a “neutral” rating in a report 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $118.00.
Check Out Our Latest Analysis on Clorox
Clorox Trading Up 0.8%
NYSE CLX opened at $104.45 on Monday. Clorox has a one year low of $96.66 and a one year high of $150.84. 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 firm has a market cap of $12.63 billion, a P/E ratio of 17.07, a P/E/G ratio of 0.51 and a beta of 0.65. The stock’s 50-day moving average is $115.25 and its 200-day moving average is $111.80.
Clorox (NYSE:CLX – Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 earnings per share (EPS) 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 firm posted $1.55 earnings per share. Clorox’s revenue for the quarter was down .8% compared to the same quarter last year. Sell-side analysts anticipate that Clorox will post 7.15 earnings per share for the current fiscal year.
Clorox Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s dividend payout ratio (DPR) is currently 81.05%.
Institutional Trading of Clorox
A number of institutional investors have recently made changes to their positions in CLX. Center for Financial Planning Inc. acquired a new stake in Clorox in the 3rd quarter valued at $25,000. Vermillion & White Wealth Management Group LLC bought a new stake in Clorox during the 3rd quarter worth about $25,000. Total Investment Management Inc. acquired a new position in shares of Clorox during the 2nd quarter worth about $25,000. True Wealth Design LLC boosted its stake in shares of 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 buying an additional 204 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Clorox in the 3rd quarter valued at about $29,000. Institutional investors own 78.53% of the company’s stock.
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.