Church & Dwight (CHD) Reaches New 12-Month High Following Analyst Upgrade

Church & Dwight Co., Inc. (NYSE:CHD) shares reached a new 52-week high during trading on Monday after Oppenheimer raised their price target on the stock from $73.00 to $82.00. Oppenheimer currently has an outperform rating on the stock. Church & Dwight traded as high as $74.49 and last traded at $73.93, with a volume of 33920 shares traded. The stock had previously closed at $73.89.

Several other research firms have also commented on CHD. Jefferies Financial Group raised their price target on Church & Dwight from $74.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Tuesday, April 9th. SunTrust Banks raised their price target on Church & Dwight from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Deutsche Bank raised their price target on Church & Dwight from $64.00 to $67.00 and gave the stock a “hold” rating in a research report on Friday, March 29th. Finally, Bank of America upgraded Church & Dwight from an “underperform” rating to a “neutral” rating and set a $75.00 price target for the company in a research report on Friday, March 29th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $66.85.

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in Church & Dwight by 4.5% in the fourth quarter. Bank of America Corp DE now owns 2,657,043 shares of the company’s stock valued at $174,728,000 after purchasing an additional 113,257 shares during the period. First Financial Bank Trust Division boosted its holdings in Church & Dwight by 1.7% in the fourth quarter. First Financial Bank Trust Division now owns 88,740 shares of the company’s stock valued at $5,835,000 after purchasing an additional 1,513 shares during the period. Natixis Advisors L.P. boosted its holdings in Church & Dwight by 5.3% in the fourth quarter. Natixis Advisors L.P. now owns 51,434 shares of the company’s stock valued at $3,382,000 after purchasing an additional 2,579 shares during the period. Davis R M Inc. raised its stake in Church & Dwight by 42.0% in the fourth quarter. Davis R M Inc. now owns 10,753 shares of the company’s stock valued at $707,000 after buying an additional 3,183 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Church & Dwight by 23.2% in the fourth quarter. Bank of Montreal Can now owns 355,259 shares of the company’s stock valued at $23,363,000 after buying an additional 66,927 shares in the last quarter. Hedge funds and other institutional investors own 82.51% of the company’s stock.

The company has a quick ratio of 0.52, a current ratio of 0.81 and a debt-to-equity ratio of 0.61. The company has a market cap of $18.17 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 3.59 and a beta of 0.23.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Tuesday, February 5th. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). Church & Dwight had a net margin of 13.72% and a return on equity of 24.80%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, research analysts forecast that Church & Dwight Co., Inc. will post 2.46 EPS for the current fiscal year.

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Church & Dwight Company Profile (NYSE:CHD)

Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.

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