Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $128.09 on Clorox Company (The) (NYSE:CLX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.48 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Clorox Company (The) (NYSE:CLX) stands at 26.70.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Clorox Company (The) Common Sto, the PEG ratio for coming 3-5 years is 3.03.
The technical analysis highlights that Clorox Company (The) Common Sto current is trading $-0.96 points away or -0.72% from its 50-day moving average of $132.31. Further it is trading $1.03 or +0.79% away its 200-day moving average of $130.32.
The 52-week high of Clorox Company (The) (NYSE:CLX) was $140.47 while lowest point recorded in 52-week was $108.50. It implies if stock price makes a movement of over $-9.12, it will record a new 52-week high. In the case of +21.06% drop, it will touch a new 52-week low.
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