Wells Fargo analyst Bonnie Herzog maintained a Hold rating on Clorox (CLX) today and set a price target of $153. The company’s shares closed yesterday at $155.24.
Herzog noted:
“We think the next few quarters could be choppy until CLX laps significant pricing & works through issues in Trash Bags/Wipes and therefore expect shares to remain range-bound n.t. We maintain our Market Perform rating.”
According to TipRanks.com, Herzog is a 3-star analyst with an average return of 3.1% and a 61.2% 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.
Currently, the analyst consensus on Clorox is a Hold with an average price target of $151.83.
See today’s analyst top recommended stocks >>
Based on Clorox’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.55 billion and net profit of $187 million. In comparison, last year the company earned revenue of $1.69 billion and had a net profit of $217 million.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
