Clorox (NYSE:CLX) Price Target Cut to $101.00 by Analysts at Deutsche Bank Aktiengesellschaft

Clorox (NYSE:CLX) had its price objective decreased by investment analysts at Deutsche Bank Aktiengesellschaft from $112.00 to $101.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential downside of 1.45% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company set a $125.00 price objective on shares of Clorox in a report on Tuesday, February 17th. BNP Paribas Exane upgraded Clorox from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 11th. Weiss Ratings downgraded Clorox from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. UBS Group boosted their price objective on Clorox from $115.00 to $121.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Evercore dropped their target price on Clorox from $132.00 to $115.00 and set an “underperform” rating for the company in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $118.00.

Clorox Price Performance

Shares of CLX traded up $0.45 during trading hours on Monday, hitting $102.49. 642,344 shares of the stock were exchanged, compared to its average volume of 2,212,428. Clorox has a 12-month low of $96.66 and a 12-month high of $150.84. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. The stock’s 50-day moving average price is $115.64 and its two-hundred day moving average price is $112.15. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 0.50 and a beta of 0.59.

Clorox (NYSE:CLX) last released its earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clorox had a return on equity of 383.01% and a net margin of 11.17%.Clorox’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 EPS. Research analysts expect that Clorox will post 7.15 earnings per share for the current year.

Hedge Funds Weigh In On Clorox

Hedge funds and other institutional investors have recently bought and sold shares of the company. Center for Financial Planning Inc. acquired a new stake in shares of Clorox during the third quarter worth about $25,000. Vermillion & White Wealth Management Group LLC purchased a new position in Clorox in the 3rd quarter valued at approximately $25,000. Total Investment Management Inc. acquired a new position in shares of Clorox in the second quarter worth $25,000. True Wealth Design LLC increased its position in shares of Clorox by 1,020.0% during the third quarter. True Wealth Design LLC now owns 224 shares of the company’s stock worth $28,000 after acquiring an additional 204 shares during the period. Finally, Root Financial Partners LLC purchased a new position in Clorox during the 3rd quarter worth $29,000. 78.53% of the stock is currently owned by hedge funds and other 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.