Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for The Clorox Co (NYSE: CLX) improved during the last several trading days. CLX’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
The Clorox Co (NYSE: CLX) stock declined modestly by -1.9% on 4/12/24. The stock closed at $141.98. However, this decline was accompanied by unusually low trading volume at 62% of normal. The stock has performed in line with the market over the last nine months and has declined -3.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CLX is expected to continue to be a major Value Builder.
Clorox has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Clorox has a neutral Power Rating of 48 and a slightly negative Appreciation Score of 39, triggering the Low Neutral Value Trend Rating.
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