Clorox Co
CLX (NYSE)
Clorox Co (CLX) stands out with a dividend yield of 4.65%, making it an attractive option for value investors seeking reliable income from financially healthy companies. Despite a challenging year, with a 1-year return of -32.06% and a 5-year return of -44.92%, analysts have noted that the stock may be undervalued, reflected in a median 12-month price target of $115.50. Recent ratings suggest a cautious approach, with TD Cowen maintaining a "Hold" and Goldman Sachs advising a "Sell."
Pros:
- Established brand
- Diverse product range
Cons:
- Significant negative returns
- Market volatility
Clorox Co (CLX) may appeal to income-focused investors due to its notable dividend yield of 4.65%, despite recent underperformance reflected in its negative returns over the past year and five years. Given the mixed analyst ratings and potential undervaluation, this investment might be suitable for those with a longer-term perspective who are willing to navigate short-term volatility in pursuit of dividend income.