Jefferies Financial Group Raises Church & Dwight (NYSE:CHD) Price Target to $106.00

Church & Dwight (NYSE:CHD) had its price target boosted by Jefferies Financial Group from $102.00 to $106.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 15.29% from the stock’s current price.

A number of other research firms have also weighed in on CHD. Oppenheimer set a $100.00 target price on Church & Dwight and gave the company an “outperform” rating in a report on Tuesday, October 21st. Argus reduced their price objective on shares of Church & Dwight from $110.00 to $102.00 and set a “buy” rating for the company in a research note on Thursday, December 4th. Citigroup raised shares of Church & Dwight from a “sell” rating to a “neutral” rating and upped their target price for the stock from $85.00 to $87.00 in a report on Wednesday, December 17th. Raymond James Financial raised shares of Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Monday, January 5th. Finally, Wells Fargo & Company set a $92.00 price target on shares of Church & Dwight and gave the stock an “overweight” rating in a report on Monday, January 5th. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $98.85.

Church & Dwight Trading Up 0.5%

NYSE:CHD opened at $91.94 on Wednesday. Church & Dwight has a 1 year low of $81.33 and a 1 year high of $116.46. The stock’s fifty day moving average price is $86.23 and its two-hundred day moving average price is $88.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.66. The company has a market cap of $22.08 billion, a P/E ratio of 28.91, a P/E/G ratio of 4.28 and a beta of 0.46.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, October 31st. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Church & Dwight had a return on equity of 19.32% and a net margin of 12.74%.The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. As a group, analysts expect that Church & Dwight will post 3.7 EPS for the current year.

Institutional Investors Weigh In On Church & Dwight

Several hedge funds have recently added to or reduced their stakes in CHD. Norges Bank purchased a new position in shares of Church & Dwight during the 2nd quarter valued at about $303,907,000. Thrivent Financial for Lutherans raised its stake in shares of Church & Dwight by 3,269.4% during the second quarter. Thrivent Financial for Lutherans now owns 896,306 shares of the company’s stock worth $86,134,000 after acquiring an additional 869,705 shares in the last quarter. Candlestick Capital Management LP purchased a new position in shares of Church & Dwight during the third quarter worth approximately $75,506,000. Invesco Ltd. lifted its holdings in shares of Church & Dwight by 25.1% in the 2nd quarter. Invesco Ltd. now owns 3,510,113 shares of the company’s stock worth $337,357,000 after acquiring an additional 703,171 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Church & Dwight by 526.6% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 648,870 shares of the company’s stock valued at $62,363,000 after purchasing an additional 545,318 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Company Profile

Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.

The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.