Clorox stock price forecast in analyst models

In analyst models, Clorox stock price forecast improves when incorporating shifts toward premium eco-friendly cleaning products, attracting new consumer segments. The Clorox Company (NYSE:CLX) is another household product and personal care company with a number of brands that can deliver outcomes in good times and bad. The firm has expanded to compete in a number of consumer product categories since its founding more than a century ago, including cleaning supplies, laundry care, trash bags, cat litter, charcoal, food dressings, water-filtration products, and natural personal care items. A number of other equities research analysts also recently weighed in on CLX. UBS Group decreased their price objective on Clorox from $150.00 to $134.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Wells Fargo & Company decreased their price objective on Clorox from $138.00 to $130.00 and set an "equal weight" rating on the stock in a report on Friday, September 5th. Barclays decreased their price objective on Clorox from $129.00 to $119.00 and set an "underweight" rating on the stock in a report on Tuesday, July 15th. Citigroup reaffirmed a "neutral" rating and set a $135.00 price objective (down from $140.00) on shares of Clorox in a report on Tuesday, July 15th. Finally, Morgan Stanley decreased their price objective on Clorox from $150.00 to $137.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $142.18. Many fund managers’ Clorox stock price forecast calculations integrate sector PE ratios around 25x, suggesting valuation is fair but not overextended.