Stock Worth Mentioning: After Reaching 52-Week High, Is CLARCOR Inc.’s Near-Term Analysis Positive?

Stock Worth Mentioning: After Reaching 52 Week High, Is CLARCOR Inc.'s Near Term Analysis Positive?

The stock of CLARCOR Inc. (NYSE:CLC) hit a new 52-week high and has $75.61 target or 7.00% above today’s $70.66 share price. The 9 months bullish chart indicates low risk for the $3.44B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $75.61 price target is reached, the company will be worth $240.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 47,525 shares traded hands. CLARCOR Inc. (NYSE:CLC) has risen 18.14% since April 22, 2016 and is uptrending. It has outperformed by 12.73% the S&P500.

Analysts await CLARCOR Inc. (NYSE:CLC) to report earnings on January, 11. They expect $0.70 earnings per share, down 5.41% or $0.04 from last year’s $0.74 per share. CLC’s profit will be $34.08 million for 25.24 P/E if the $0.70 EPS becomes a reality. After $0.73 actual earnings per share reported by CLARCOR Inc. for the previous quarter, Wall Street now forecasts -4.11% negative EPS growth.

CLARCOR Inc. (NYSE:CLC) Ratings Coverage

Out of 3 analysts covering CLARCOR (NYSE:CLC), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. CLARCOR has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was upgraded by Zacks to “Sell” on Monday, August 31. The rating was upgraded by Zacks to “Sell” on Wednesday, August 12. The firm has “Neutral” rating by Robert W. Baird given on Friday, September 18. The company was maintained on Friday, September 16 by Robert W. Baird. The stock of CLARCOR Inc. (NYSE:CLC) has “Sell” rating given on Tuesday, September 22 by Zacks. The firm has “Hold” rating given on Tuesday, August 18 by Zacks. The rating was downgraded by TheStreet to “Hold” on Tuesday, September 22.

According to Zacks Investment Research, “Clarcor Inc. is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets.”

Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.32, from 0.81 in 2016Q1. The ratio is positive, as 25 funds sold all CLARCOR Inc. shares owned while 87 reduced positions. 22 funds bought stakes while 69 increased positions. They now own 41.60 million shares or 7.20% less from 44.83 million shares in 2016Q1.
State Street holds 0.02% or 3.16 million shares in its portfolio. The New Jersey-based Kcg has invested 0% in CLARCOR Inc. (NYSE:CLC). Ls Inv Advsrs Lc owns 2,994 shares or 0.01% of their US portfolio. Timessquare Capital Mgmt Limited Liability Corp holds 680,000 shares or 0.27% of its portfolio. Advisors Asset Mngmt accumulated 0% or 1,300 shares. Oregon Pub Employees Retirement Fund last reported 16,745 shares in the company. Moreover, Thomson Horstmann & Bryant has 0.09% invested in CLARCOR Inc. (NYSE:CLC) for 11,748 shares. Parametric Port Assoc Ltd Limited Liability Company, a Washington-based fund reported 93,409 shares. Of Vermont holds 0.04% or 4,550 shares in its portfolio. California Employees Retirement Sys has invested 0.02% of its portfolio in CLARCOR Inc. (NYSE:CLC). Voya Inv Mgmt Ltd accumulated 0.14% or 968,444 shares. Nuveen Asset Llc reported 77,601 shares or 0.03% of all its holdings. Legal General Pcl holds 0% or 12,495 shares in its portfolio. Morgan Stanley has 83,642 shares for 0% of their US portfolio. Adage Cap Partners Gru Ltd Liability has 0.01% invested in the company for 43,631 shares.

Insider Transactions: Since July 8, 2016, the stock had 0 insider purchases, and 5 sales for $4.97 million net activity. Conway Christopher sold $93,270 worth of CLARCOR Inc. (NYSE:CLC) on Tuesday, July 12. LINDSAY DAVID J also sold $2.73 million worth of CLARCOR Inc. (NYSE:CLC) on Monday, July 11. The insider BURGSTAHLER ROBERT J sold 7,500 shares worth $465,000. 25,000 shares with value of $1.55M were sold by Fallon David Joseph on Tuesday, July 12.

More recent CLARCOR Inc. (NYSE:CLC) news were published by: Marketwatch.com which released: “Clarcor downgraded to neutral from outperform at RW Baird” on December 21, 2009. Also Fool.com published the news titled: “Why CLARCOR Inc.’s Shares Plunged 16% Today” on September 17, 2015. Quotes.Wsj.com‘s news article titled: “Clarcor Inc. CLC (US: NYSE)” with publication date: February 11, 2011 was also an interesting one.

CLC Company Profile

CLARCOR Inc., incorporated on March 3, 1969, which provides filtration products, filtration systems and services, and consumer and industrial packaging products. The Company’s divisions include Engine/Mobile Filtration and Industrial/Environmental Filtration.

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