Church & Dwight (CHD) Reaches New 12-Month High After Analyst Upgrade

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

Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group raised their price target on Church & Dwight from $74.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research report on Tuesday, April 9th. SunTrust Banks raised their price target on Church & Dwight from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Bank of America raised Church & Dwight from an “underperform” rating to a “neutral” rating and set a $75.00 price target on the stock in a research report on Friday, March 29th. Finally, Macquarie raised their price target on Church & Dwight from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $66.85.

A number of hedge funds have recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC grew its position 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 buying an additional 157 shares in the last quarter. HCR Wealth Advisors boosted its holdings in Church & Dwight by 1.4% during the fourth quarter. HCR Wealth Advisors now owns 12,385 shares of the company’s stock valued at $814,000 after purchasing an additional 170 shares in the last quarter. Old North State Trust LLC boosted its holdings in Church & Dwight by 1.2% during the first quarter. Old North State Trust LLC now owns 15,224 shares of the company’s stock valued at $1,084,000 after purchasing an additional 177 shares in the last quarter. Northstar Investment Advisors LLC boosted its holdings in Church & Dwight by 5.0% during the first quarter. Northstar Investment Advisors LLC now owns 3,895 shares of the company’s stock valued at $277,000 after purchasing an additional 185 shares in the last quarter. Finally, Somerset Trust Co boosted its holdings in Church & Dwight by 2.3% during the first quarter. Somerset Trust Co now owns 10,675 shares of the company’s stock valued at $760,000 after purchasing an additional 236 shares in the last quarter. 82.50% of the stock is currently owned by institutional investors and hedge funds.

The company has a quick ratio of 0.52, a current ratio of 0.81 and a debt-to-equity ratio of 0.61. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of 32.50, a P/E/G ratio of 3.58 and a beta of 0.23.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Tuesday, February 5th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities research analysts predict that Church & Dwight Co., Inc. will post 2.46 EPS for the current fiscal 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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