We recently published 12 Stocks Jim Cramer Talked About. The Clorox Company is one of the stocks that Jim Cramer talked about.
The Clorox Company is one of the most well-known household products manufacturers in America. Its shares are down by 19% over the past year but are up by a strong 18% year-to-date. Wells Fargo hiked its share price target for The Clorox Company in late January. The bank increased the share price target to $115 from $108 and kept an Equal Weight rating on the shares. It pointed out that The Clorox Company’s acquisition of the firm responsible for manufacturing the Purell hand sanitizer could lead to the chemical company’s sales growing by the low double-digit percentages. More recently, banking giant JPMorgan raised The Clorox Company’s share price target to $117 from $114 and kept a Neutral rating on the shares. In its earnings report released in February, the firm posted $1.39 in earnings per share and $1.67 billion in revenue. The earnings missed analyst estimates of $1.43, while the revenue beat estimates of $1.64 billion. Cramer used The Clorox Company as an example of a firm that is consistent:
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“Clorox did well, they’re starting to buy Kimberly!
“Now these aren’t really growing, it’s just that they’re consistent.”
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This article is originally published at Insider Monkey.
