Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for The Clorox Co (NYSE: CLX) weakened during the last several trading days. CLX’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
The Clorox Co (NYSE: CLX) stock closed at $143.55 on 4/19/24 after a slight gain of 0.2%. NORMAL trading volume accompanied the advance. The stock has declined -0.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
CLX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Clorox has a current Value Trend Rating of D (Negative). 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 49 and a slightly negative Appreciation Score of 38, leading to the Negative Value Trend Rating.
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