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What is Wall Street's Target Price for Clorox Co (CLX) Stock Wednesday?

Wednesday, January 19, 2022 03:13 PM | InvestorsObserver Analysts
What is Wall Street's Target Price for Clorox Co (CLX) Stock Wednesday?

Wall Street is neutral on Clorox Co (CLX). On average, analysts give Clorox Co a Hold rating. The average price target is $165.833, which means analysts expect the stock to decrease by -9.00% over the next twelve months. That average ranking earns Clorox Co an Analyst Rating of 1, which is better than 1% of stocks based on data compiled by InvestorsObserver.

Overall Score - 2.3
Wall Street analysts are rating CLX a Hold today. Find out what this means to you and get the rest of the rankings on CLX!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Clorox Co Stock Today?

Clorox Co (CLX) stock is up 0.73% while the S&P 500 is lower by -0.17% as of 3:07 PM on Wednesday, Jan 19. CLX is up $1.32 from the previous closing price of $180.92 on volume of 1,005,341 shares. Over the past year the S&P 500 is higher by 20.29% while CLX is lower by -7.26%. CLX earned $3.46 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 52.75. Click Here to get the full Stock Report for Clorox Co stock.

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