Church & Dwight (CHD) Given New $55.00 Price Target at Morgan Stanley

Church & Dwight (NYSE:CHD) had its target price upped by Morgan Stanley from $50.00 to $55.00 in a report released on Monday. The firm currently has a “sell” rating on the stock. Morgan Stanley’s target price points to a potential downside of 17.41% from the stock’s current price.

A number of other equities analysts have also recently issued reports on CHD. Royal Bank of Canada boosted their price objective on shares of Church & Dwight to $60.00 and gave the company a “fair value” rating in a research report on Friday, August 3rd. BMO Capital Markets boosted their price objective on shares of Church & Dwight from $55.00 to $62.00 and gave the company a “hold” rating in a research report on Friday. Barclays set a $54.00 price objective on shares of Church & Dwight and gave the company a “sell” rating in a research report on Saturday. UBS Group began coverage on shares of Church & Dwight in a research report on Thursday, July 19th. They issued a “neutral” rating and a $57.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Church & Dwight from $58.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $58.47.

CHD stock opened at $66.59 on Monday. Church & Dwight has a 12-month low of $43.21 and a 12-month high of $67.29. The stock has a market capitalization of $16.21 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 2.87 and a beta of 0.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.93.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities analysts predict that Church & Dwight will post 2.29 EPS for the current year.

In related news, VP Louis Tursi sold 315,820 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $57.10, for a total transaction of $18,033,322.00. Following the sale, the vice president now owns 155,434 shares of the company’s stock, valued at $8,875,281.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur B. Winkleblack sold 8,058 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $55.94, for a total transaction of $450,764.52. Following the sale, the director now directly owns 75,187 shares in the company, valued at approximately $4,205,960.78. The disclosure for this sale can be found here. Insiders have sold 358,140 shares of company stock worth $20,431,431 in the last quarter. 2.00% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. OppenheimerFunds Inc. boosted its stake in Church & Dwight by 80,441.5% during the second quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock worth $313,926,000 after acquiring an additional 5,897,971 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Church & Dwight by 45.0% during the second quarter. Wells Fargo & Company MN now owns 3,428,959 shares of the company’s stock worth $182,283,000 after acquiring an additional 1,064,241 shares in the last quarter. FMR LLC boosted its stake in Church & Dwight by 7.4% during the second quarter. FMR LLC now owns 2,758,699 shares of the company’s stock worth $146,652,000 after acquiring an additional 190,608 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in Church & Dwight by 37.1% during the second quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock worth $94,731,000 after acquiring an additional 482,109 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Church & Dwight by 0.7% during the second quarter. Swiss National Bank now owns 1,690,016 shares of the company’s stock worth $89,841,000 after acquiring an additional 12,300 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand.

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Analyst Recommendations for Church & Dwight (NYSE:CHD)

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