Macquarie Raises Church & Dwight (NYSE:CHD) Price Target to $80.00

Church & Dwight (NYSE:CHD) had its price target lifted by analysts at Macquarie from $72.00 to $80.00 in a research report issued to clients and investors on Friday, March 29th, BenzingaRatingsTable reports. The firm presently has an “outperform” rating on the stock. Macquarie’s price objective points to a potential upside of 8.45% from the company’s current price.

A number of other analysts have also commented on CHD. Bank of America reaffirmed an “underperform” rating and issued a $66.00 target price (up from $58.00) on shares of Church & Dwight in a research report on Thursday, December 6th. Morgan Stanley set a $58.00 target price on Church & Dwight and gave the company a “sell” rating in a research report on Thursday, December 20th. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Goldman Sachs Group upgraded Church & Dwight from a “sell” rating to a “neutral” rating and set a $61.00 price target for the company in a research note on Tuesday, February 5th. Finally, Deutsche Bank upgraded Church & Dwight from a “sell” rating to a “hold” rating and set a $60.46 price target for the company in a research note on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. Church & Dwight currently has an average rating of “Hold” and an average price target of $66.85.

Church & Dwight stock traded down $0.12 during midday trading on Friday, reaching $73.77. The stock had a trading volume of 984,425 shares, compared to its average volume of 1,826,749. Church & Dwight has a 12 month low of $44.87 and a 12 month high of $74.49. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of 32.50, a PEG 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 analysts’ consensus estimates of $0.58 by ($0.01). Church & Dwight had a net margin of 13.72% and a return on equity of 24.80%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts expect that Church & Dwight will post 2.46 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of Church & Dwight by 4.5% in the 4th quarter. Bank of America Corp DE now owns 2,657,043 shares of the company’s stock worth $174,728,000 after buying an additional 113,257 shares during the last quarter. First Financial Bank Trust Division boosted its stake in shares of Church & Dwight by 1.7% in the 4th quarter. First Financial Bank Trust Division now owns 88,740 shares of the company’s stock worth $5,835,000 after buying an additional 1,513 shares during the last quarter. Natixis Advisors L.P. boosted its stake in shares of Church & Dwight by 5.3% in the 4th quarter. Natixis Advisors L.P. now owns 51,434 shares of the company’s stock worth $3,382,000 after buying an additional 2,579 shares during the last quarter. Davis R M Inc. boosted its stake in shares of Church & Dwight by 42.0% in the 4th quarter. Davis R M Inc. now owns 10,753 shares of the company’s stock worth $707,000 after buying an additional 3,183 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Church & Dwight by 23.2% in the 4th quarter. Bank of Montreal Can now owns 355,259 shares of the company’s stock worth $23,363,000 after buying an additional 66,927 shares during the last quarter. Hedge funds and other institutional investors own 82.50% of the company’s stock.

Church & Dwight Company Profile

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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Analyst Recommendations for Church & Dwight (NYSE:CHD)

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