Church & Dwight (CHD) Hits New 52-Week High on Analyst Upgrade

Church & Dwight Co., Inc. (NYSE:CHD) hit a new 52-week high 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. The stock had previously closed at $73.89.

Several other equities research analysts also recently weighed in on CHD. Zacks Investment Research raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a research note on Thursday, March 28th. Deutsche Bank upped their target price on shares of Church & Dwight from $64.00 to $67.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. SunTrust Banks upped their target price on shares of Church & Dwight from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Jefferies Financial Group upped their target price on shares of Church & Dwight from $74.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, Macquarie boosted their price target on shares of Church & Dwight from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, March 29th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. Church & Dwight presently has an average rating of “Hold” and a consensus target price of $66.85.

Institutional investors have recently modified their holdings of the company. Cordasco Financial Network acquired a new position in shares of Church & Dwight in the 1st quarter valued at $28,000. Pinnacle Bank acquired a new position in shares of Church & Dwight in the 4th quarter valued at $33,000. Berman Capital Advisors LLC acquired a new position in shares of Church & Dwight in the 4th quarter valued at $34,000. Financial Gravity Companies Inc. acquired a new position in shares of Church & Dwight in the 4th quarter valued at $47,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Church & Dwight by 27.2% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 735 shares of the company’s stock valued at $48,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 82.50% of the company’s stock.

The firm has a market cap of $18.13 billion, a PE ratio of 32.49, a price-to-earnings-growth ratio of 3.58 and a beta of 0.23. The company has a current ratio of 0.81, a quick ratio of 0.52 and a debt-to-equity ratio of 0.61.

Church & Dwight (NYSE:CHD) last issued 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). The business had revenue of $1.07 billion for 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 firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Research analysts forecast that Church & Dwight Co., Inc. will post 2.46 earnings per share for the current year.

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About Church & Dwight (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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