Clorox (NYSE:CLX) Price Target Cut to $127.00 by Analysts at Royal Bank Of Canada

Clorox (NYSE:CLX) had its price objective cut by analysts at Royal Bank Of Canada from $132.00 to $127.00 in a report issued on Thursday,MarketScreener reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 20.09% from the company’s previous close.

CLX has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on shares of Clorox from $114.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Wall Street Zen upgraded Clorox from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Evercore reduced 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. Citigroup increased their price objective on Clorox from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company dropped their target price on shares of Clorox from $125.00 to $110.00 and set an “equal weight” rating for the company in a report on Wednesday. One analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $115.93.

Clorox Trading Up 0.1%

Shares of NYSE:CLX opened at $105.76 on Thursday. The business’s 50 day moving average price is $114.35 and its 200-day moving average price is $111.07. Clorox has a 1 year low of $96.66 and a 1 year high of $143.96. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.50 and a beta of 0.65. The company has a debt-to-equity ratio of 71.03, a current ratio of 0.74 and a quick ratio of 0.48.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.04). The company had revenue of $1.67 billion during 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 revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 EPS. On average, equities research analysts forecast that Clorox will post 7.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Clorox

A number of institutional investors have recently modified their holdings of the company. Center for Financial Planning Inc. purchased a new position in Clorox during the 3rd quarter valued at about $25,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Clorox during the third quarter worth about $25,000. Total Investment Management Inc. acquired a new stake in shares of Clorox during the second quarter worth about $25,000. 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 buying an additional 204 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in Clorox during the 3rd quarter worth approximately $29,000. 78.53% of the stock is owned by institutional investors and hedge funds.

About Clorox

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.