Church & Dwight (NYSE:CHD) Price target lowered to $83.00 at The Goldman Sachs Group

Church & Dwight (NYSE: CHD – Get a rating) had its price target lowered by equity analysts Goldman Sachs Group from $93.00 to $83.00 in a research note released Monday to investors, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Goldman Sachs Group’s price target would suggest a potential upside of 17.31% from the current share price.

Other stock analysts have also recently published research reports on the company. Bank of America launched coverage on Church & Dwight in a Wednesday, September 14 report. They issued an “underperforming” rating for the company. Oppenheimer reduced his price target on Church & Dwight to $85.00 in a Thursday, September 29 report. Barclays cut its price target on Church & Dwight from $76.00 to $73.00 and set an “underweight” rating for the company in a Wednesday, September 7 report. Truist Financial downgraded Church & Dwight from a “buy” rating to a “hold” rating in a Thursday, September 8 research rating. Finally, Royal Bank of Canada reduced its price target on Church & Dwight from $94.00 to $92.00 and set an “industry performance” rating for the company in a research note on Monday 1st. august. Five equity research analysts gave the stock a sell rating, eight gave the company a hold rating and four gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $88.21.

Performance of Church & Dwight shares

CHD traded down $0.03 on Monday, reaching $70.75. 2,311 shares were traded, against an average volume of 1,572,763. The company’s 50-day moving average price is $81.58 and its 200-day moving average price is $90.03. Church & Dwight has a fifty-two week low of $70.31 and a fifty-two week high of $105.28. The company has a debt ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.63. The company has a market capitalization of $17.19 billion, a PE ratio of 22.40, a PEG ratio of 3.53 and a beta of 0.43.

Church & Dwight (NYSE: CHD – Get a rating) last released its quarterly earnings data on Friday, July 29. The company reported earnings per share (EPS) of $0.76 for the quarter, beating the consensus estimate of $0.71 by $0.05. The company posted revenue of $1.33 billion in the quarter, versus $1.34 billion expected by analysts. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. The company’s revenue for the quarter increased 4.2% year over year. In the same quarter a year earlier, the company posted EPS of $0.76. As a group, sell-side analysts expect Church & Dwight to post 2.97 EPS for the current fiscal year.

Insider activity

In other news, EVP Rene Hemsey sold 5,000 shares in a trade on Friday, September 16. The stock was sold at an average price of $76.77, for a total value of $383,850.00. Following the sale, the executive vice president now directly owns 6,259 shares of the company, valued at $480,503.43. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. Insiders hold 1.70% of the shares of the company.

Hedge funds weigh on Church & Dwight

Several large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings of Church & Dwight shares by 2.6% in the first quarter. Envestnet Asset Management Inc. now owns 352,592 shares of the company worth $35,041,000 after purchasing an additional 8,881 shares in the last quarter. Addenda Capital Inc. increased its holding in shares of Church & Dwight by 9.2% during the first quarter. Addenda Capital Inc. now owns 69,942 shares of the company worth $6,951,000 after purchasing an additional 5,868 shares in the last quarter. Prudential PLC bought a new position in shares of Church & Dwight during the first quarter worth approximately $4,126,000. Teacher Retirement System of Texas increased its holdings of Church & Dwight stock 122.8% in the first quarter. Teacher Retirement System of Texas now owns 106,720 shares of the company worth $10,606,000 after purchasing an additional 58,817 shares in the last quarter. Finally, Natixis Advisors LP increased its stake in Church & Dwight shares by 9.0% during the first quarter. Natixis Advisors LP now owns 207,549 shares of the company worth $20,626,000 after purchasing an additional 17,075 shares in the last quarter. Hedge funds and other institutional investors own 82.59% of the company’s shares.

Church & Dwight Corporate Profile

(Get a rating)

Church & Dwight Co, Inc develops, manufactures and markets household, personal care and specialty products. It operates through three segments: Consumer Domestic, Consumer International and Specialty Products Division. The company offers cat litter, carpet deodorizers, laundry detergents and baking soda, as well as other baking soda products under the ARM & HAMMER brand; condoms, lubricants and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the trade mark SPINBRUSH; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gel food supplements under the L’IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; IMPECCABLE products; shortening and cold relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

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