Church & Dwight (CHD) Given New $50.00 Price Target at Wells Fargo & Co

Church & Dwight (NYSE:CHD) had its price objective cut by equities research analysts at Wells Fargo & Co from $52.00 to $50.00 in a research note issued to investors on Tuesday, February 6th. The brokerage presently has a “market perform” rating on the stock. Wells Fargo & Co’s price objective would suggest a potential upside of 0.75% from the stock’s previous close.

CHD has been the subject of several other reports. Morgan Stanley lowered their target price on shares of Church & Dwight from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a report on Friday, October 20th. BMO Capital Markets lowered their target price on shares of Church & Dwight from $50.00 to $45.00 and set a “market perform” rating for the company in a report on Monday, November 6th. Societe Generale upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, November 29th. They noted that the move was a valuation call. Finally, Oppenheimer reiterated a “hold” rating on shares of Church & Dwight in a report on Wednesday, November 8th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $51.40.

Shares of Church & Dwight (NYSE:CHD) traded up $0.75 on Tuesday, reaching $49.63. 1,168,069 shares of the company’s stock traded hands, compared to its average volume of 2,364,229. The company has a quick ratio of 0.72, a current ratio of 1.07 and a debt-to-equity ratio of 0.95. Church & Dwight has a twelve month low of $43.21 and a twelve month high of $54.18. The stock has a market capitalization of $12,156.37, a price-to-earnings ratio of 16.89, a PEG ratio of 2.06 and a beta of 0.45.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Church & Dwight had a net margin of 19.69% and a return on equity of 24.95%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the business posted $0.44 earnings per share. Church & Dwight’s quarterly revenue was up 15.3% compared to the same quarter last year. analysts anticipate that Church & Dwight will post 2.27 earnings per share for the current fiscal year.

Church & Dwight announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 2nd that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Church & Dwight by 1.5% during the fourth quarter. BlackRock Inc. now owns 19,423,114 shares of the company’s stock valued at $974,457,000 after acquiring an additional 293,353 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Church & Dwight by 0.8% during the third quarter. Bessemer Group Inc. now owns 4,852,760 shares of the company’s stock valued at $235,117,000 after acquiring an additional 38,507 shares in the last quarter. Atlanta Capital Management Co. L L C increased its position in shares of Church & Dwight by 17.4% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 4,071,388 shares of the company’s stock valued at $204,261,000 after acquiring an additional 602,128 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Church & Dwight by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 2,944,834 shares of the company’s stock valued at $147,468,000 after acquiring an additional 61,161 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Church & Dwight by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,245,297 shares of the company’s stock valued at $112,647,000 after acquiring an additional 108,844 shares in the last quarter. 78.62% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Church & Dwight (NYSE:CHD)

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