The stock of CLARCOR Inc. (NYSE:CLC) reached all time high today, Nov, 30 and still has $74.03 target or 5.00% above today’s $70.50 share price. This indicates more upside for the $3.37B company. This technical setup was reported by Barchart.com. If the $74.03 PT is reached, the company will be worth $168.50 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 68,836 shares traded hands. CLARCOR Inc. (NYSE:CLC) has risen 17.04% since April 27, 2016 and is uptrending. It has outperformed by 11.81% the S&P500.
Analysts await CLARCOR Inc. (NYSE:CLC) to report earnings on January, 11. They expect $0.70 EPS, down 5.41% or $0.04 from last year’s $0.74 per share. CLC’s profit will be $33.46 million for 25.18 P/E if the $0.70 EPS becomes a reality. After $0.73 actual EPS 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 stock of CLARCOR Inc. (NYSE:CLC) has “Neutral” rating given on Friday, September 16 by Robert W. Baird. The stock of CLARCOR Inc. (NYSE:CLC) earned “Sell” rating by Zacks on Tuesday, September 22. On Friday, September 18 the stock rating was downgraded by Robert W. Baird to “Neutral”. The company was upgraded on Monday, August 31 by Zacks. As per Tuesday, September 22, the company rating was downgraded by TheStreet. The rating was downgraded by Zacks on Tuesday, August 18 to “Hold”. The firm has “Sell” rating given on Wednesday, August 12 by Zacks.
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 Q2 2016. Its up 0.32, from 0.81 in 2016Q1. The ratio increased, 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.
Moreover, Monarch Cap Management has 0.61% invested in CLARCOR Inc. (NYSE:CLC) for 26,825 shares. Blackrock holds 0.01% of its portfolio in CLARCOR Inc. (NYSE:CLC) for 63,799 shares. Rocky Mountain Advisers Ltd Liability reported 33 shares or 0.01% of all its holdings. Shelton Cap Mgmt holds 4,802 shares or 0.03% of its portfolio. Sit Invest Assoc accumulated 0.03% or 20,500 shares. Pub Employees Retirement Association Of Colorado has 0.01% invested in the company for 10,056 shares. Sei Investments holds 0.04% of its portfolio in CLARCOR Inc. (NYSE:CLC) for 119,006 shares. Pacad holds 0.02% of its portfolio in CLARCOR Inc. (NYSE:CLC) for 2,100 shares. Barclays Public Ltd Co reported 15,107 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement System has invested 0.01% of its portfolio in CLARCOR Inc. (NYSE:CLC). Ubs Asset Management Americas Incorporated holds 0% or 48,356 shares in its portfolio. Moreover, Tru Of Vermont has 0.04% invested in CLARCOR Inc. (NYSE:CLC) for 4,550 shares. Plante Moran Advsrs holds 37 shares or 0% of its portfolio. S Muoio & Limited Liability Company has invested 0.3% of its portfolio in CLARCOR Inc. (NYSE:CLC). The Ohio-based Victory Inc has invested 0% in CLARCOR Inc. (NYSE:CLC).
Insider Transactions: Since July 8, 2016, the stock had 0 buys, and 5 insider sales for $4.97 million net activity. 1,500 CLARCOR Inc. (NYSE:CLC) shares with value of $93,270 were sold by Conway Christopher. $2.73 million worth of CLARCOR Inc. (NYSE:CLC) was sold by LINDSAY DAVID J on Monday, July 11. Shares for $465,000 were sold by BURGSTAHLER ROBERT J. Fallon David Joseph sold 25,000 shares worth $1.55M.
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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