Clorox Co. [CLX] stock prices are up 2.15% to $134.68 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CLX shares have gain 0.85% over the last week, with a monthly amount glided 1.29%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Clorox Co. [NYSE: CLX] stock has seen the most recent analyst activity on June 24, 2024, when Exane BNP Paribas initiated its Underperform rating and assigned the stock a price target of $130. Previously, Citigroup downgraded its rating to Neutral on April 02, 2024, and dropped its price target to $165. On March 26, 2024, upgrade upgraded it’s rating to Hold but maintained its price target of $145 on the stock. DA Davidson downgraded its rating to a Neutral but $162 remained the price target by the analyst firm on February 05, 2024. BofA Securities upgraded its rating to Neutral for this stock on December 15, 2023, and upped its price target to $150. In a note dated November 22, 2023, JP Morgan upgraded an Neutral rating on this stock and boosted its target price from $124 to $145.
The stock price of Clorox Co. [CLX] has been fluctuating between $114.68 and $169.14 over the past year. Currently, Wall Street analysts expect the stock to reach $144.92 within the next 12 months. Clorox Co. [NYSE: CLX] shares were valued at $134.68 at the most recent close of the market. An investor can expect a potential return of 7.6% based on the average CLX price forecast.
Analyzing the CLX fundamentals
The Clorox Co. [NYSE:CLX] reported sales of 7.21B for trailing twelve months, representing a drop of -5.27%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 2.94 and Total Capital is 0.32. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 33.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 132.72 points at the first support level, and at 130.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 135.70, and for the 2nd resistance point, it is at 136.71.
Ratios To Look Out For
It’s worth pointing out that Clorox Co. [NYSE:CLX]’s Current Ratio is 0.90. In addition, the Quick Ratio stands at 0.53 and the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 2.32, the price to book ratio is 183.80 and price to earnings (TTM) ratio is 69.70.
Transactions by insiders
Recent insider trading involved Jacobsen Kevin B, EVP – Chief Financial Officer, that happened on Aug 14 ’23 when 3346.0 shares were sold.
