Last Updated: 10 Nov 2024
Executive Summary
The Clorox Company (CLX) is a leading global manufacturer and marketer of consumer and professional products. With a market capitalization of $20.44 billion, CLX has a strong financial position and a solid track record of growth. The company's latest stock price of $165.16 is near its 52-week high, indicating investor confidence.
Company Overview
CLX is headquartered in Oakland, California and has been in business for over 100 years. The company's portfolio of brands includes Clorox, Pine-Sol, Glad, and Brita. CLX operates in four segments: Cleaning, Laundry, Household, and Lifestyle.
Fundamental Analysis
CLX has strong fundamentals. The company's revenue has grown steadily in recent years, reaching $7.47 billion in fiscal 2023. CLX's net income has also increased, reaching $632 million in fiscal 2023. The company's profit margin is 4.78% and its operating margin is 17.4%. CLX has a strong balance sheet with $2.1 billion in cash and equivalents and $3.4 billion in total debt. The company's debt-to-equity ratio is 0.55, which is considered to be conservative.
Technical Analysis
CLX's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is 65, which indicates that the stock is overbought. However, the moving average convergence divergence (MACD) is positive, which indicates that the stock is still in a bullish trend.
Short Term Outlook
In the short term, CLX's stock price is expected to continue to trend higher. The company's strong fundamentals and positive technical indicators suggest that the stock is poised for further gains. However, investors should be aware of the risks associated with investing in any stock, including CLX.
Long Term Outlook
In the long term, CLX is expected to continue to grow its business. The company's strong brands, global reach, and commitment to innovation should help it to continue to generate revenue and earnings growth. CLX is a solid long-term investment for investors who are looking for a company with a proven track record of success.
Analyst Recommendations
Analysts are generally positive on CLX. The consensus analyst rating is "Hold" with a target price of $161.8. Three analysts rate the stock as a "Buy" and 14 rate it as a "Hold." Six analysts rate the stock as a "Sell."
