In a report released yesterday, Nik Modi from RBC Capital maintained a Hold rating on Clorox (CLX), with a price target of $195.00. The company’s shares closed last Monday at $185.47.
According to TipRanks.com, Modi is a 4-star analyst with an average return of 4.7% and a 61.6% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Mondelez International, and Edgewell Personal Care.
The word on The Street in general, suggests a Hold analyst consensus rating for Clorox with a $167.50 average price target, a -9.1% downside from current levels. In a report issued on March 30, Jefferies also maintained a Hold rating on the stock with a $160.00 price target.
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Clorox’s market cap is currently $23.2B and has a P/E ratio of 29.00. The company has a Price to Book ratio of -11.89.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLX in relation to earlier this year.
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The Clorox Co. engages in the manufacture and marketing of consumer and professional products. It operates through the following business segments: Cleaning, Lifestyle, Household, and International. The Cleaning segment consists of laundry, home care, and professional products marketed and sold in the United States. The Household segment composes of charcoal, cat litter and plastic bags, wraps, and container products. The Lifestyle segment includes food products, water-filtration systems, filters, and all natural personal care products, and dietary supplements. The International segment covers products sold outside the United States, excluding natural personal care products. The company was founded by Edward Hughes, Charles Husband, William Hussey, Rufus Myers, and Archibald Taft on May 3, 1913 and is headquartered in Oakland, CA.
