Stock Rating Upgrade
The Value Trend Rating for The Clorox Co (NYSE: CLX) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/3/24, The Clorox Co (NYSE: CLX) stock declined modestly by -1.0%, closing at $138.23. Moreover, unusually high trading volume at 158% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -6.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CLX is expected to continue to be a major Value Builder.
Clorox has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Clorox has a slightly negative Appreciation Score of 40 and a neutral Power Rating of 57, producing the Neutral Value Trend Rating.
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