In a report released today, Kevin Grundy from Jefferies maintained a Hold rating on Clorox (CLX), with a price target of $141. The company’s shares opened today at $166.40, close to its 52-week high of $167.70.
Grundy wrote:
“We maintain our Hold rating following constructive mgmt. meetings this week with Oakland based CLX at our W. Coast Consumer Conference. Recent pricing actions have been well received, private label risk manageable, and the drop in oil offers cushion to CLX’s EPS guide, in our view. Great operators, however, w/shares trading at 25.8x following recent market rotation, valuation looks full (and above hist. avgs.), keeping us at Hold.”
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 6.2% and a 61.4% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, Skyline Champion Corporation, and Constellation Brands Inc.
Clorox has an analyst consensus of Hold, with a price target consensus of $150.88, representing a -9.3% downside. In a report issued on November 20, Citigroup also maintained a Hold rating on the stock with a $169 price target.
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The company has a one-year high of $167.70 and a one-year low of $113.57. Currently, Clorox has an average volume of 963.1K.
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The Clorox Co. engages in the manufacture and marketing of consumer and institutional products. It operates through the following business segments: Cleaning, Lifestyle, Household, International, and Corporate. The Cleaning segment consists of laundry, home care, and professional products marketed and sold in the United States.
