Goldman Sachs Group lowers Church & Dwight (NYSE:CHD) price target to $101.00
Church & Dwight (NYSE:CHD – Get Note) had its price target reduced by analysts at Goldman Sachs Group from $105.00 to $101.00 in a research note released Tuesday to investors, reports The Fly. Goldman Sachs Group’s price target would point to a potential upside of 1.78% from the stock’s previous close.
Other research analysts have also released reports on the stock. JPMorgan Chase & Co. reaffirmed a “sell” rating on Church & Dwight shares in a Tuesday, Nov. 30, research note. Argus reduced Church & Dwight shares from a “buy” to a “hold” rating in a Thursday, Feb. 3 research note. Atlantic Securities downgraded Church & Dwight shares from a “neutral” rating to an “underweight” rating and set a price target of $80.00 for the stock. in a Wednesday, March 2 research report. Wells Fargo & Company raised its price target on Church & Dwight from $89.00 to $94.00 and gave the company an “equal weight” rating in a Tuesday, November 30 research report. Finally, Jefferies Financial Group raised its price target on Church & Dwight from $116.00 to $118.00 and gave the stock a “buy” rating in a Monday, January 31 report. Four investment analysts gave the stock a sell rating, six gave the company a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $97.67.
Shares of Church & Dwight opened at $99.23 on Tuesday. The company’s 50-day moving average price is $98.86 and its 200-day moving average price is $93.96. The company has a quick ratio of 0.34, a current ratio of 0.59 and a debt ratio of 0.50. The company has a market capitalization of $24.08 billion, a PE ratio of 29.98, a price-to-earnings growth ratio of 3.83 and a beta of 0.43. Church & Dwight has a 12-month low of $80.76 and a 12-month high of $104.84.
Church & Dwight (NYSE:CHD – Get Rating) last released quarterly earnings data on Friday, January 28. The company reported earnings per share of $0.64 for the quarter, beating Thomson Reuters consensus estimate of $0.58 by $0.06. The company posted revenue of $1.37 billion for the quarter, versus $1.35 billion for analysts. Church & Dwight had a return on equity of 22.72% and a net margin of 15.94%. The company’s revenue for the quarter increased 5.7% year over year. During the same period a year earlier, the company posted earnings per share of $0.53. As a group, sell-side analysts expect Church & Dwight to post earnings per share of 3.2 for the current fiscal year.
Separately, director Penry W. Price sold 16,718 shares of the company in a transaction dated Friday, February 11. The shares were sold at an average price of $98.39, for a total value of $1,644,884.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders hold 1.70% of the shares of the company.
Large investors have recently changed their stock holdings. Morgan Stanley increased its position in shares of Church & Dwight by 44.0% during the second quarter. Morgan Stanley now owns 1,603,921 shares of the company valued at $136,686,000 after buying an additional 489,866 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Church & Dwight by 33.4% during the second quarter. Thrivent Financial for Lutherans now owns 58,827 shares of the company valued at $5,014,000 after acquiring an additional 14,734 shares in the last quarter. Private Advisor Group LLC increased its position in Church & Dwight by 59.5% during the third quarter. Private Advisor Group LLC now owns 56,505 shares of the company valued at $4,666,000 after acquiring 21,087 additional shares in the last quarter. DNB Asset Management AS increased its stake in Church & Dwight by 15.9% in the third quarter. DNB Asset Management AS now owns 54,818 shares of the company valued at $4,526,000 after acquiring an additional 7,532 shares last quarter. Finally, Fifth Third Bancorp increased its holdings in Church & Dwight by 1.3% in the third quarter. Fifth Third Bancorp now owns 15,027 shares of the company worth $1,241,000 after buying 187 more shares in the last quarter. 84.22% of the shares are held by institutional investors.
About Church & Dwight (Get a rating)
Church & Dwight Co, Inc is engaged in the development, manufacture and marketing of household, personal care and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, dryer sheets, cat litter and household cleaning products, as well as personal care products, including antiperspirants, personal care products oral products, depilatories, reproductive health products, oral pain relievers, nasal saline moisturizers and dietary supplements.
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