Church & Dwight (CHD) Lifted to Outperform at Oppenheimer

Oppenheimer upgraded shares of Church & Dwight (NYSE:CHD) from a market perform rating to an outperform rating in a report issued on Wednesday morning, MarketBeat.com reports. The brokerage currently has $54.00 target price on the stock.

Several other research analysts have also recently commented on the company. Deutsche Bank initiated coverage on Church & Dwight in a research report on Wednesday, December 13th. They set a buy rating and a $54.00 price target for the company. Zacks Investment Research raised Church & Dwight from a sell rating to a hold rating in a research report on Friday, October 20th. Morgan Stanley reduced their price target on Church & Dwight from $49.00 to $46.00 and set an underweight rating for the company in a research report on Friday, November 3rd. Barclays reduced their price target on Church & Dwight from $49.00 to $43.00 and set an underweight rating for the company in a research report on Tuesday, November 7th. Finally, BMO Capital Markets cut their price objective on Church & Dwight from $50.00 to $45.00 and set a market perform rating for the company in a research report on Monday, November 6th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $51.53.

Church & Dwight (NYSE:CHD) opened at $47.37 on Wednesday. Church & Dwight has a 52-week low of $43.21 and a 52-week high of $54.18. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $11,840.00, a P/E ratio of 16.28, a P/E/G ratio of 2.61 and a beta of 0.45.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. Church & Dwight had a return on equity of 25.94% and a net margin of 19.69%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. equities analysts predict that Church & Dwight will post 2.09 EPS for the current fiscal year.

Church & Dwight announced that its board has initiated a share buyback plan on Thursday, November 2nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be given a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.84%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 26.12%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHD. Sandy Spring Bank lifted its holdings in Church & Dwight by 138.4% during the 3rd quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock worth $133,000 after purchasing an additional 1,600 shares during the last quarter. Ledyard National Bank lifted its holdings in Church & Dwight by 176.3% during the 4th quarter. Ledyard National Bank now owns 2,923 shares of the company’s stock worth $147,000 after purchasing an additional 1,865 shares during the last quarter. Hermes Investment Management Ltd. acquired a new stake in Church & Dwight during the 4th quarter worth approximately $206,000. MUFG Americas Holdings Corp acquired a new stake in Church & Dwight during the 3rd quarter worth approximately $218,000. Finally, Delaney Dennis R acquired a new stake in Church & Dwight during the 4th quarter worth approximately $241,000. 79.37% of the stock is owned by institutional investors.

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Church & Dwight Company Profile

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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