Clorox (NYSE:CLX) Stock Rating Upgraded by Zacks Research

Clorox (NYSE:CLX) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Several other analysts have also issued reports on the company. Evercore set a $99.00 target price on Clorox in a report on Tuesday, August 4th. Wells Fargo & Company decreased their price target on shares of Clorox from $102.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, September 11th. UBS Group reissued a “neutral” rating on shares of Clorox in a research note on Friday. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of Clorox in a research report on Tuesday, August 4th. Finally, Wall Street Zen downgraded Clorox from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Thirteen equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $101.40.

Clorox Stock Down 2.4%

CLX stock opened at $87.14 on Monday. Clorox has a fifty-two week low of $84.70 and a fifty-two week high of $128.90. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 2.80 and a beta of 0.56. The business’s fifty day moving average price is $98.89 and its two-hundred day moving average price is $99.83.

Clorox (NYSE:CLX) last announced its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the business posted $2.87 earnings per share. Clorox’s quarterly revenue was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities analysts anticipate that Clorox will post 5.8 earnings per share for the current year.

Institutional Investors Weigh In On Clorox

Several large investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in shares of Clorox by 11.8% in the second quarter. NewEdge Advisors LLC now owns 75,135 shares of the company’s stock worth $7,171,000 after purchasing an additional 7,956 shares during the last quarter. Morningstar Investment Management LLC grew its holdings in Clorox by 131.8% during the fourth quarter. Morningstar Investment Management LLC now owns 62,454 shares of the company’s stock worth $6,297,000 after buying an additional 35,506 shares in the last quarter. Bank of America Corp DE grew its holdings in Clorox by 6.1% during the first quarter. Bank of America Corp DE now owns 1,405,774 shares of the company’s stock worth $145,680,000 after buying an additional 80,618 shares in the last quarter. Corient Private Wealth LP purchased a new stake in Clorox in the 2nd quarter valued at $6,621,000. Finally, National Pension Service raised its position in Clorox by 68.9% in the 4th quarter. National Pension Service now owns 27,537 shares of the company’s stock valued at $2,777,000 after buying an additional 11,233 shares during the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Clorox Company Profile

The Clorox Company (NYSE: CLX) is a consumer products company that develops, manufactures and markets household, health and wellness, and lifestyle products. Its portfolio includes cleaning and disinfecting products, laundry and home-care items, food products, personal-care products, water-filtration systems, charcoal, and cat litter.

Clorox’s brands include Clorox bleach and disinfecting products, Pine-Sol, Fresh Step and Scoop Away, Kingsford, Brita, Burt’s Bees, Hidden Valley, and products marketed under the Glad name.