Church & Dwight (NYSE:CHD) was upgraded by research analysts at CIBC from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday.
A number of other equities research analysts have also issued reports on CHD. KeyCorp restated a “hold” rating on shares of Church & Dwight in a research note on Monday, October 16th. Zacks Investment Research upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Jefferies Group cut their target price on shares of Church & Dwight from $63.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Morgan Stanley cut their target price on shares of Church & Dwight from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, November 3rd. Finally, BMO Capital Markets cut their target price on shares of Church & Dwight from $50.00 to $45.00 and set a “market perform” rating on the stock in a research note on Monday, November 6th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Church & Dwight presently has an average rating of “Hold” and a consensus target price of $51.36.
Shares of Church & Dwight (NYSE:CHD) traded up $0.52 during trading on Wednesday, hitting $48.39. 541,577 shares of the stock were exchanged, compared to its average volume of 2,277,917. The firm has a market cap of $11,851.46, a price-to-earnings ratio of 16.55, a PEG ratio of 2.61 and a beta of 0.45. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. Church & Dwight has a 1-year low of $43.21 and a 1-year high of $54.18.
Church & Dwight (NYSE:CHD) last issued its earnings results on Monday, February 5th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. Church & Dwight had a net margin of 19.69% and a return on equity of 25.94%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 EPS. equities analysts expect that Church & Dwight will post 2.09 EPS for the current year.
Church & Dwight announced that its board has authorized a stock repurchase program on Thursday, November 2nd that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHD. PGGM Investments acquired a new stake in Church & Dwight during the fourth quarter worth about $37,823,000. Ardevora Asset Management LLP acquired a new stake in shares of Church & Dwight in the third quarter valued at approximately $32,434,000. Assenagon Asset Management S.A. acquired a new stake in shares of Church & Dwight in the third quarter valued at approximately $22,100,000. American Century Companies Inc. increased its stake in shares of Church & Dwight by 28.2% in the third quarter. American Century Companies Inc. now owns 1,923,003 shares of the company’s stock valued at $93,169,000 after purchasing an additional 423,267 shares during the period. Finally, Koch Industries Inc. acquired a new stake in shares of Church & Dwight in the second quarter valued at approximately $271,000. Hedge funds and other institutional investors own 79.37% of the company’s stock.
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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.