Church & Dwight Company, Inc. (NYSE:CHD)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group LLC in a report released on Tuesday. They currently have a $63.00 price target on the stock. Jefferies Group LLC’s price objective would suggest a potential upside of 18.13% from the stock’s current price.
The analysts wrote, “We are lifting our FY17-19 est. for CHD to incorporate the co.’s announcement it will acquire Waterpik (water-flossing, shower-heads) for $1B (~11x synergized EV/EBITDA). The deal is expected to be ~3% accretive in FY18 (we est. ~6% in FY19). CHD maintained its FY17 EPS guide, with expected underlying FY18 EPS growth of ~7%. We view the deal as a positive for CHD (good fit/fair price) and shares remain attractively valued at 21.5x EV/ULFCF. Lifting PT to $63. Waterpik makes good, strategic sense for CHD: CHD announced it will acquire Waterpik, the owner of leading water-floss and shower-head replacement brands, for $1B. Waterpik generated ~$265M in LTM sales with EBITDA of ~$80M (12.5x EV/EBITDA). CHD expects to generate ~$10M in synergies from the acquisition (~11x synergized). The biz is 70/30 water-flossing/shower heads with growth likely mid-teens (%) in former (implied) with latter growing low-single-digits (%), based on mgmt.’s commentary.””
Several other analysts have also recently commented on the company. J P Morgan Chase & Co started coverage on Church & Dwight in a research report on Tuesday, March 21st. They issued a “neutral” rating and a $53.00 target price on the stock. Morgan Stanley cut Church & Dwight from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 16th. Zacks Investment Research cut Church & Dwight from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. BidaskClub upgraded Church & Dwight from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $45.00 target price on shares of Church & Dwight in a research report on Friday, May 5th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $50.83.
Church & Dwight (CHD) opened at 53.33 on Tuesday. Church & Dwight has a 12-month low of $42.56 and a 12-month high of $54.18. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 29.14 and a beta of 0.57. The stock has a 50 day moving average price of $51.93 and a 200-day moving average price of $48.96.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $877.20 million for the quarter, compared to analysts’ expectations of $869.06 million. Church & Dwight had a return on equity of 24.11% and a net margin of 13.56%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Equities analysts forecast that Church & Dwight will post $1.93 earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Church & Dwight by 4.0% in the first quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock valued at $1,368,388,000 after buying an additional 1,054,013 shares in the last quarter. BlackRock Inc. raised its stake in Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after buying an additional 18,639,877 shares in the last quarter. State Street Corp raised its stake in Church & Dwight by 23.1% in the first quarter. State Street Corp now owns 14,762,551 shares of the company’s stock valued at $736,228,000 after buying an additional 2,769,003 shares in the last quarter. Geode Capital Management LLC raised its stake in Church & Dwight by 7.7% in the first quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock valued at $144,473,000 after buying an additional 208,604 shares in the last quarter. Finally, Swiss National Bank raised its stake in Church & Dwight by 13.1% in the first quarter. Swiss National Bank now owns 2,209,816 shares of the company’s stock valued at $110,204,000 after buying an additional 255,900 shares in the last quarter. 82.40% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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