Church & Dwight (CHD) Price Target Raised to $67.00

Church & Dwight (NYSE:CHD) had its price objective raised by equities research analysts at Deutsche Bank from $64.00 to $67.00 in a research report issued to clients and investors on Friday, March 29th, BenzingaRatingsTable reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank’s target price points to a potential downside of 9.18% from the stock’s current price.

CHD has been the subject of a number of other research reports. Morgan Stanley set a $58.00 target price on shares of Church & Dwight and gave the stock a “sell” rating in a research report on Thursday, December 20th. Zacks Investment Research raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a research report on Thursday, March 28th. Credit Suisse Group started coverage on shares of Church & Dwight in a research report on Wednesday, March 6th. They issued a “neutral” rating and a $65.00 price objective for the company. Bank of America reaffirmed an “underperform” rating and issued a $66.00 price objective (up previously from $58.00) on shares of Church & Dwight in a research report on Thursday, December 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $73.00 price objective on shares of Church & Dwight in a research report on Wednesday, February 6th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. Church & Dwight presently has a consensus rating of “Hold” and a consensus price target of $66.85.

Shares of NYSE CHD traded down $0.12 on Friday, reaching $73.77. 984,425 shares of the company traded hands, compared to its average volume of 1,826,749. Church & Dwight has a fifty-two week low of $44.87 and a fifty-two week high of $74.49. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.81 and a quick ratio of 0.52. The company has a market cap of $18.13 billion, a P/E ratio of 32.50, a P/E/G ratio of 3.58 and a beta of 0.23.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Church & Dwight had a net margin of 13.72% and a return on equity of 24.80%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS. As a group, equities research analysts anticipate that Church & Dwight will post 2.46 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC lifted its stake in Church & Dwight by 27.2% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 735 shares of the company’s stock worth $48,000 after purchasing an additional 157 shares during the last quarter. HCR Wealth Advisors increased its position in Church & Dwight by 1.4% in the fourth quarter. HCR Wealth Advisors now owns 12,385 shares of the company’s stock worth $814,000 after buying an additional 170 shares during the period. Old North State Trust LLC increased its position in Church & Dwight by 1.2% in the first quarter. Old North State Trust LLC now owns 15,224 shares of the company’s stock worth $1,084,000 after buying an additional 177 shares during the period. Northstar Investment Advisors LLC increased its position in Church & Dwight by 5.0% in the first quarter. Northstar Investment Advisors LLC now owns 3,895 shares of the company’s stock worth $277,000 after buying an additional 185 shares during the period. Finally, Somerset Trust Co increased its position in Church & Dwight by 2.3% in the first quarter. Somerset Trust Co now owns 10,675 shares of the company’s stock worth $760,000 after buying an additional 236 shares during the period. Hedge funds and other institutional investors own 82.50% of the company’s stock.

About Church & Dwight

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.

Recommended Story: What is a blue-chip stock?

Analyst Recommendations for Church & Dwight (NYSE:CHD)

Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.