Jefferies has recently raised Clorox Co (CLX) stock to Buy rating, as announced on October 1, 2024, according to Finviz. Earlier, on July 23, 2024, TD Cowen had initiated the stock to Sell, setting a price target of $122. Exane BNP Paribas also initiated Underperform rating with a price target of $130. Additionally, Citigroup reduced Neutral rating on April 2, 2024, with a target price of $165. Jefferies analysts, in their report published on March 26, 2024, also raised Hold rating and set a price target of $145 for Clorox Co’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Clorox Co (CLX) Stock Trading Recap
On Tuesday, Clorox Co (CLX) stock saw a decline, ending the day at $159.17 which represents a decrease of $-1.22 or -0.76% from the prior close of $160.39. The stock opened at $159.16 and touched a low of $158.03 during the day, reaching a high of $159.98. The volume of shares traded was 0.87 million falling short of the average volume of 1.22 million.
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CLX Stock Performance and Moving Averages
In recent trading, Clorox Co (CLX) stock price has shown some volatility, fluctuating -2.55% over the last five trades and -3.44% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 9.04%, and it has gained 19.86% in the previous three months. Currently, CLX is trading at -1.59%, -0.31%, and 8.46% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CLX, a Consumer Defensive sector stock, is trading -5.87% below its 52-week high but remains 38.79% above its 52-week low. The Average True Range (ATR) (14 days) of 2.5 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Clorox Co’s Profitability and Valuation Ratios
Clorox Co’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 13.03% and a profit margin of 3.95%, with a gross margin of 9.04%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Clorox Co’s market capitalization stands at $19.68 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 71.07, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 22.44. Additionally, the Price-to-Sales Ratio is 2.78, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 60.27, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.30% of Clorox Co (CLX)’s shares, while financial institutions hold 83.26%.
Notable insider trades include Hilt Angela C, EVP – Chief Legal Officer at Clorox Co (CLX), who sold 1733 shares on Sep 06 ’24, at $165.52 each, totaling $0.29 million.
