Clorox Co (CLX) is Reiterated by B. Riley & Co. to Neutral, Raises Price Target to $ 109

Clorox Co (CLX) was Reiterated by B. Riley & Co. to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 109 from a previous price target of $102 . B. Riley & Co. advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Clorox Co. Company shares were Reiterated by UBS on May 4, 2016 to “Sell”, Firm has raised the Price Target to $ 112 from a previous price target of $110 .Clorox Co was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 26, 2016. Company shares were Reiterated by B. Riley & Co. on Feb 9, 2016 to “Neutral”, Firm has raised the Price Target to $ 102 from a previous price target of $101 .

On the company’s financial health, Clorox Co reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.10. The company had revenue of $1426.00 million for the quarter, compared to analysts expectations of $1408.28 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Clorox Co closed down -0.18 points or -0.14% at $129.25 with 16,62,015 shares getting traded on Wednesday. Post opening the session at $129.01, the shares hit an intraday low of $127.8345 and an intraday high of $129.6 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 9, 2016, Nikolaos A Vlahos (EVP-COO – Household) sold 8,589 shares at $126.60 per share price. According to the SEC, on Dec 9, 2015, Jon M Balousek (SVP – GM, Specialty Div) sold 1,488 shares at $128.69 per share price. On Dec 8, 2015, Jacqueline P Kane (EVP- HR & Corporate Affairs) sold 852 shares at $127.55 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.

Clorox Co

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