Church & Dwight (NYSE:CHD) had its price objective lifted by Royal Bank of Canada to $51.00 in a note issued to investors on Tuesday, The Fly reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 7.37% from the company’s previous close. The analysts noted that the move was a valuation call.
Several other equities research analysts have also commented on the company. Morgan Stanley dropped their price target on Church & Dwight from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, November 3rd. BMO Capital Markets set a $47.00 price target on Church & Dwight and gave the stock a “hold” rating in a research note on Tuesday. Jefferies Group dropped their price target on Church & Dwight from $63.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Barclays dropped their price target on Church & Dwight from $49.00 to $43.00 and set an “underweight” rating for the company in a research note on Tuesday, November 7th. Finally, Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Wednesday, January 3rd. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $51.21.
Church & Dwight (CHD) opened at $47.50 on Tuesday. The company has a market capitalization of $11,850.00, a price-to-earnings ratio of 16.30, a P/E/G ratio of 2.45 and a beta of 0.45. Church & Dwight has a 12 month low of $43.21 and a 12 month 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.
Church & Dwight announced that its Board of Directors has authorized a stock buyback program on Thursday, November 2nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the company. Westpac Banking Corp boosted its position in shares of Church & Dwight by 636.4% in the third quarter. Westpac Banking Corp now owns 115,863 shares of the company’s stock worth $5,614,000 after buying an additional 100,129 shares during the period. Sterling Capital Management LLC boosted its position in shares of Church & Dwight by 4.0% in the second quarter. Sterling Capital Management LLC now owns 7,070 shares of the company’s stock worth $367,000 after buying an additional 270 shares during the period. Huntington National Bank boosted its position in shares of Church & Dwight by 3.1% in the third quarter. Huntington National Bank now owns 726,553 shares of the company’s stock worth $35,202,000 after buying an additional 21,739 shares during the period. Koch Industries Inc. purchased a new stake in shares of Church & Dwight in the second quarter worth about $271,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Church & Dwight in the second quarter worth about $2,103,000. 79.37% of the stock is owned by 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.
