On September 18, 2023, the stock of Clorox Co. experienced a decline in comparison to its competitors. The stock price of Clorox Co. (CLX) dropped by 2.39% to reach $142.70 on that particular day, despite the overall stock market having a positive trading session. This decrease in performance aligns with previous occurrences, such as on September 10, 2023, when the stock price of Clorox Co. fell by 0.28% to $154.26, also during a strong trading session for the stock market.
Conversely, on September 15, 2023, Clorox Co. witnessed a slight increase in its stock price, rising by 0.72% to reach $159.04. This performance was comparatively better than that of its competitors. It is important to note that the stock’s performance can fluctuate from day to day, and it is crucial to consider both the overall market conditions and the company’s fundamentals when evaluating its performance.
Clorox Co. operates as a consumer goods company, manufacturing and marketing a diverse range of products, including cleaning and household supplies, healthcare products, and personal care items. The company’s stock performance is influenced by various factors, including its financial performance, prevailing market conditions, and investor sentiment.
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CLX Stock Performance and Valuation Metrics: September 18, 2023 Analysis
CLX stock had a mixed performance on September 18, 2023. The stock opened at $146.20 and traded within a range of $142.34 to $146.20 throughout the day. The trading volume was 2,421,491 shares.
The market capitalization of CLX is $18.1 billion. CLX experienced a significant decline of -67.87% in earnings growth in the previous year, but managed to bounce back with a positive growth of +11.14% in the current year. The projected earnings growth for the next five years is +13.00%.
CLX achieved a modest increase of +3.97% in revenue growth in the last year. The price-to-earnings (P/E) ratio for CLX is 118.9. The price/sales ratio is 2.67 and the price/book ratio is 82.28.
CLX operates in the consumer non-durables sector, specifically in the household/personal care industry. The corporate headquarters of CLX is located in Oakland, California.
Overall, investors should consider the high valuation metrics before making investment decisions regarding CLX stock.
Clorox Co (CLX) Stock Forecast: Analyzing Analyst Predictions and Consensus Hold Rating
On September 18, 2023, Clorox Co (CLX) stock had a median target price forecast of $153.00, according to 17 analysts surveyed by CNN Money. The range of price forecasts varied from a high estimate of $185.00 to a low estimate of $127.00. The median estimate indicated a potential increase of 7.23% from the last recorded price of $142.69.
It is worth noting that the consensus among 20 investment analysts was to hold the stock of Clorox Co. This rating has remained unchanged since September, suggesting a consistent sentiment among market experts.
Looking at the current quarter’s performance, Clorox Co reported earnings per share of $1.35 and sales of $1.8 billion.
Investors and analysts will eagerly await the company’s next reporting date, which is scheduled for November 1.
Overall, the median target price forecast suggests a positive outlook for Clorox Co’s stock performance on September 18, 2023. However, it is important to consider the range of price estimates and the consensus hold rating, as these factors indicate a level of uncertainty among analysts. Investors should closely monitor the company’s upcoming financial reports to make informed decisions regarding their investment in Clorox Co.