At the time of writing, Clorox Co. [CLX] stock is trading at $144.09, up 7.42%. 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 7.04% over the last week, with a monthly amount glided 8.78%, 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 July 23, 2024, when TD Cowen initiated its Sell rating and assigned the stock a price target of $122. Previously, Exane BNP Paribas started tracking the stock with Underperform rating on June 24, 2024, and set its price target to $130. On April 02, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $165 on the stock. Jefferies upgraded its rating to a Hold but stick to its price target of $145 on March 26, 2024. DA Davidson downgraded its rating to Neutral for this stock on February 05, 2024, but kept the price target unchanged to $162. In a note dated December 15, 2023, BofA Securities upgraded an Neutral rating on this stock and boosted its target price from $120 to $150.
For the past year, the stock price of Clorox Co. fluctuated between $114.68 and $169.14. Currently, Wall Street analysts expect the stock to reach $146.67 within the next 12 months. Clorox Co. [NYSE: CLX] shares were valued at $144.09 at the most recent close of the market. An investor can expect a potential return of 1.79% based on the average CLX price forecast.
Analyzing the CLX fundamentals
According to Clorox Co. [NYSE:CLX], the company’s sales were 7.09B for trailing twelve months, which represents an -5.75% plunge. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 2.57 and Total Capital is 0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 7.83.
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 140.29 points at the first support level, and at 136.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 146.44, and for the 2nd resistance point, it is at 148.80.
Ratios To Look Out For
It is important to note that Clorox Co. [NYSE:CLX] has a current ratio of 1.03. In addition, the Quick Ratio stands at 0.63 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 2.52, the price to book ratio is 196.64 and price to earnings (TTM) ratio is 64.26.
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.
