Wells Fargo analyst Bonnie Herzog reiterated a Hold rating on Clorox (CLX) yesterday and set a price target of $157. The company’s shares closed yesterday at $158.38.
Herzog observed:
“We are raising our FY19/FY20 EPS estimates by $0.04 to $6.35/$6.76 and our price target by $1 to $157.”
According to TipRanks.com, Herzog is a 4-star analyst with an average return of 6.0% and a 65.2% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, The Estée Lauder Companies Inc, and Constellation Brands Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Clorox with a $162.20 average price target, representing a 2.4% upside. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a $159 price target.
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Based on Clorox’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.56 billion and net profit of $210 million. In comparison, last year the company earned revenue of $1.42 billion and had a net profit of $233 million.
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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.
