JP Morgan Initiates Coverage On Clorox Co to Neutral with Price Target $136

JP Morgan Initiates Coverage On Clorox Co(CLX). In a research note issued to the investors, the brokerage major Announces the price-target to $136 per share. The shares have been rated Neutral. The rating by the stock financial advisor at JP Morgan was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 9, 2017, Barclays said it Upgrades its rating on Clorox Co. According to the research note, Barclays Lowers the price target to $111 per share from a prior target of $115. The shares have been rated ‘Equal-Weight’ by the firm.

Clorox Co (CLX) made into the market gainers list on Fridays trading session with the shares advancing 0.19% or 0.26 points. Due to strong positive momentum, the stock ended at $137.81, which is also near the day’s high of $138.07. The stock began the session at $137.65 and the volume stood at 6,46,828 shares. The 52-week high of the shares is $140.47 and the 52 week low is $111.24. The company has a current market capitalization of $17,676 M and it has 12,82,65,855 shares in outstanding.

Clorox Co(CLX) last announced its earnings results on Feb 3, 2017 for Fiscal Year 2017 and Q2.Company reported revenue of $1.406B. Analysts had an estimated revenue of $1.410B. Earnings per share were $1.25. Analysts had estimated an EPS of $1.22.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2017, Benno O Dorer (Chairman & CEO) purchased 8 shares at $136.40 per share price.Also, On Mar 2, 2017, Nikolaos A Vlahos (EVP-COO – Household) sold 25,610 shares at $136.66 per share price.On Feb 22, 2017, Thomas D Johnson (VP – Global Business Services) sold 10,626 shares at $133.39 per share price, according to the Form-4 filing with the securities and exchange commission.

The Clorox Company (Clorox) is a United States-based manufacturer and marketer of consumer and professional products. The Company sells its products through mass retail outlets e-commerce channels distributors and medical supply providers. The Company operates through strategic business units that are aggregated into four reportable segments: Cleaning which consists of laundry home care and professional products marketed and sold in the United States; Household which consists of charcoal cat litter and plastic bags wraps and container products; Lifestyle which includes food products water-filtration systems and filters and natural personal care products and International which consists of products sold outside the United States such as laundry home care water-filtration charcoal and cat litter products dressings and sauces plastic bags wraps and containers and natural personal care products.

Add Comment