Church & Dwight (NYSE:CHD) Raised to “Neutral” at Bank of America

Bank of America upgraded shares of Church & Dwight (NYSE:CHD) from an underperform rating to a neutral rating in a report published on Friday, March 29th, FinViz reports. They currently have $75.00 price target on the stock.

A number of other equities research analysts have also commented on CHD. Morgan Stanley set a $58.00 price target on shares of Church & Dwight and gave the company a sell rating in a report on Thursday, December 20th. Zacks Investment Research lowered shares of Church & Dwight from a buy rating to a hold rating in a report on Thursday, January 3rd. Goldman Sachs Group upgraded shares of Church & Dwight from a sell rating to a neutral rating and set a $61.00 price objective for the company in a report on Tuesday, February 5th. Deutsche Bank upgraded shares of Church & Dwight from a sell rating to a hold rating and set a $60.46 price objective for the company in a report on Wednesday, February 6th. Finally, Oppenheimer restated an outperform rating and issued a $73.00 price objective on shares of Church & Dwight in a report on Wednesday, February 6th. One equities 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 stock. The stock currently has an average rating of Hold and a consensus price target of $66.85.

CHD stock traded up $0.18 during midday trading on Friday, reaching $73.83. The company had a trading volume of 1,356,020 shares, compared to its average volume of 1,489,837. Church & Dwight has a 1 year low of $44.87 and a 1 year high of $74.49. The stock has a market cap of $18.16 billion, a PE ratio of 32.52, a P/E/G ratio of 3.56 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 posted its quarterly earnings results on Tuesday, February 5th. The company reported $0.57 EPS 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 firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, research analysts expect that Church & Dwight will post 2.47 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in CHD. Sky Investment Group LLC raised its stake in Church & Dwight by 5.4% during the 1st quarter. Sky Investment Group LLC now owns 14,290 shares of the company’s stock worth $1,018,000 after acquiring an additional 735 shares during the period. Bfsg LLC grew its holdings in shares of Church & Dwight by 4.2% in the first quarter. Bfsg LLC now owns 35,397 shares of the company’s stock valued at $2,521,000 after purchasing an additional 1,411 shares in the last quarter. Gulf International Bank UK Ltd grew its holdings in shares of Church & Dwight by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 57,953 shares of the company’s stock valued at $4,127,000 after purchasing an additional 423 shares in the last quarter. Pennsylvania Trust Co grew its holdings in shares of Church & Dwight by 6.2% in the first quarter. Pennsylvania Trust Co now owns 91,465 shares of the company’s stock valued at $6,515,000 after purchasing an additional 5,360 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its holdings in shares of Church & Dwight by 15.0% in the first quarter. IFM Investors Pty Ltd now owns 16,895 shares of the company’s stock valued at $1,203,000 after purchasing an additional 2,210 shares in the last quarter. 82.51% of the stock is currently owned by hedge funds and other institutional investors.

About Church & Dwight

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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Analyst Recommendations for Church & Dwight (NYSE:CHD)

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