Church & Dwight (CHD) Now Covered by Analysts at Deutsche Bank

Research analysts at Deutsche Bank began coverage on shares of Church & Dwight (NYSE:CHD) in a research report issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.

CHD has been the topic of a number of other research reports. Morgan Stanley cut their price target on shares of Church & Dwight from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, November 3rd. Jefferies Group cut their price target on shares of Church & Dwight from $63.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Macquarie began coverage on shares of Church & Dwight in a report on Friday, September 15th. They set a “neutral” rating and a $52.00 price target on the stock. Goldman Sachs Group reiterated a “sell” rating on shares of Church & Dwight in a report on Wednesday, October 4th. Finally, Barclays cut their price target on shares of Church & Dwight from $49.00 to $43.00 and set an “underweight” rating on the stock in a report on Tuesday, November 7th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Church & Dwight currently has a consensus rating of “Hold” and an average target price of $49.83.

Shares of Church & Dwight (CHD) traded down $0.26 during trading on Wednesday, reaching $48.13. 1,787,058 shares of the company’s stock were exchanged, compared to its average volume of 1,732,142. Church & Dwight has a 1 year low of $43.21 and a 1 year high of $54.18. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.05 and a quick ratio of 0.70. The firm has a market capitalization of $11,986.42, a price-to-earnings ratio of 25.78, a P/E/G ratio of 2.80 and a beta of 0.56.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $967.90 million for the quarter, compared to analyst estimates of $937.20 million. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. Church & Dwight’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. research analysts expect that Church & Dwight will post 1.92 earnings per share for the current year.

Church & Dwight declared that its board has initiated a stock repurchase plan on Thursday, November 2nd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

In other news, CFO Richard A. Dierker bought 1,146 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average price of $43.66 per share, for a total transaction of $50,034.36. Following the completion of the acquisition, the chief financial officer now directly owns 6,411 shares in the company, valued at $279,904.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Farrell bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average price of $43.83 per share, for a total transaction of $219,150.00. Following the acquisition, the chief executive officer now owns 103,685 shares of the company’s stock, valued at $4,544,513.55. The disclosure for this purchase can be found here. 2.00% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. AXA lifted its holdings in Church & Dwight by 2.8% in the third quarter. AXA now owns 240,300 shares of the company’s stock valued at $11,643,000 after buying an additional 6,500 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in Church & Dwight in the third quarter valued at $256,000. GSA Capital Partners LLP bought a new stake in Church & Dwight in the third quarter valued at $330,000. Cypress Capital Group increased its stake in Church & Dwight by 35.4% in the third quarter. Cypress Capital Group now owns 32,453 shares of the company’s stock valued at $1,573,000 after purchasing an additional 8,489 shares in the last quarter. Finally, IFM Investors Pty Ltd bought a new stake in Church & Dwight in the third quarter valued at $369,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Church & Dwight (CHD) Now Covered by Analysts at Deutsche Bank” was published by American Banking and Market News and is the property of of American Banking and Market News. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/12/13/church-dwight-chd-now-covered-by-analysts-at-deutsche-bank.html.

About Church & Dwight

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.

The Fly

Analyst Recommendations for Church & Dwight (NYSE:CHD)