Church & Dwight (CHD) Reaches New 52-Week High After Analyst Upgrade

Church & Dwight Co., Inc. (NYSE:CHD)’s share price hit a new 52-week high during mid-day 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 changing hands. The stock had previously closed at $73.89.

A number of other brokerages have also issued reports on CHD. Jefferies Financial Group increased their price target on Church & Dwight from $74.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research note on Tuesday, April 9th. SunTrust Banks increased their price target on Church & Dwight from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Deutsche Bank increased their price target on Church & Dwight from $64.00 to $67.00 and gave the company a “hold” rating in a research note on Friday, March 29th. Finally, Bank of America raised Church & Dwight from an “underperform” rating to a “neutral” rating and set a $75.00 price target for the company in a research note 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 company. The stock has an average rating of “Hold” and an average target price of $66.85.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cordasco Financial Network acquired a new stake in shares of Church & Dwight in the first quarter worth $28,000. Pinnacle Bank acquired a new stake in shares of Church & Dwight in the fourth quarter worth $33,000. Berman Capital Advisors LLC acquired a new stake in shares of Church & Dwight in the fourth quarter worth $34,000. Financial Gravity Companies Inc. acquired a new stake in shares of Church & Dwight in the fourth quarter worth $47,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in shares of Church & Dwight by 27.2% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 735 shares of the company’s stock worth $48,000 after buying an additional 157 shares during the period. 82.50% of the stock is owned by institutional investors and hedge funds.

The stock has a market capitalization of $18.13 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 3.58 and a beta of 0.23. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.81 and a quick ratio of 0.52.

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

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Church & Dwight Company Profile (NYSE:CHD)

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers baking soda, cat litter, carpet deodorization, and laundry detergent under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergent, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH; and home pregnancy and ovulation test kits under the FIRST RESPONSE brand.

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