Church & Dwight (NYSE:CHD) downgraded to neutral at Credit Suisse Group
Church & Dwight (NYSE:CHD) was downgraded by Credit Suisse Group research analysts from an “outperform” rating to a “neutral” rating in a report released Wednesday, Briefing.com reports. They currently have a price target of $105.00 on the stock. Credit Suisse Group’s price target indicates upside potential of 3.32% from the company’s current price.
CHD has been the subject of several other research reports. JPMorgan Chase & Co. reiterated a “sell” rating on Church & Dwight shares in a Tuesday, Nov. 30, research report. Deutsche Bank Aktiengesellschaft raised its price target on Church & Dwight from $91.00 to $93.00 and gave the stock a “holding” rating in a Tuesday, November 30 research report. Wells Fargo & Company raised its price target on Church & Dwight from $89.00 to $94.00 and gave the stock an “equal weight” rating in a Tuesday, November 30 research report. Stifel Nicolaus raised his price target on Church & Dwight from $89.00 to $92.00 and gave the company a “holding” rating in a Tuesday, November 30 research report. Finally, Oppenheimer raised its price target on Church & Dwight from $100.00 to $110.00 and gave the company an “outperform” rating in a Monday, Dec. 20 research report. Three equity research analysts gave the stock a sell rating, five gave the company a hold rating and one gave the company a buy rating. Based on data from MarketBeat.com, Church & Dwight currently has an average rating of “Hold” and an average price target of $92.38.
Shares of Church & Dwight opened at $101.63 on Wednesday. The company has a market capitalization of $24.81 billion, a price-earnings ratio of 31.17, a PEG ratio of 4.02 and a beta of 0.44. The company has a 50-day moving average price of $98.32 and a 200-day moving average price of $89.69. The company has a quick ratio of 0.39, a current ratio of 0.74 and a debt ratio of 0.35. Church & Dwight has a 12-month low of $77.62 and a 12-month high of $104.84.
Church & Dwight (NYSE:CHD) last released quarterly earnings data on Thursday, October 28. The company reported earnings per share of $0.80 for the quarter, beating the Zacks consensus estimate of $0.71 by $0.09. The company posted revenue of $1.31 billion in the quarter, compared to analysts’ estimates of $1.28 billion. Church & Dwight had a return on equity of 22.39% and a net margin of 16.02%. The company’s quarterly revenue increased 5.7% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $0.70. On average, stock analysts expect Church & Dwight to post EPS of 2.97 for the current fiscal year.
Church & Dwight announced that its board of directors authorized a stock repurchase plan on Friday, October 29 that allows the company to repurchase $1.00 billion in stock. This repurchase authorization authorizes the company to repurchase up to 4.6% of its shares by way of purchases on the open market. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
In related news, Vice Chairman Rene Hemsey sold 2,275 shares of the company in a trade that took place on Friday, December 17. The shares were sold at an average price of $99.56, for a total value of $226,499.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, Vice Chairman Richard A. Dierker sold 53,281 shares of the company in a transaction that took place on Tuesday, November 30. The stock was sold at an average price of $90.33, for a total transaction of $4,812,872.73. The disclosure of this sale can be found here. Insiders sold 869,968 shares of the company valued at $82,018,976 in the past ninety days. Insiders hold 2.00% of the shares of the company.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Strategic Blueprint LLC bought a new position in Church & Dwight in the second quarter worth $25,000. US Asset Management LLC bought a new position in Church & Dwight in the third quarter worth $30,000. PSI Advisors LLC bought a new position in Church & Dwight in the third quarter worth $43,000. Destiny Wealth Partners LLC bought a new position in Church & Dwight in the third quarter worth $50,000. Finally, Rosenberg Matthew Hamilton increased his holdings in Church & Dwight by 27.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 703 shares of the company worth $72,000 after buying 153 more shares in the last quarter. 82.37% of the shares are currently held by institutional investors and hedge funds.
About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture and marketing of household, personal care and specialty products. It operates through the following segments: Consumer Domestic, Consumer International and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, dryer sheets, cat litter and household cleaning products; and personal care products, including antiperspirants, oral care products, depilatories, reproductive health products, oral pain relievers, nasal saline moisturizers and dietary supplements.
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