A number of research firms have changed their ratings and price targets for Church & Dwight (NYSE: CHD):

  • 8/9/2017 – Church & Dwight was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/6/2017 – Church & Dwight was given a new $49.00 price target on by analysts at Barclays PLC. They now have a “sell” rating on the stock.
  • 8/3/2017 – Church & Dwight had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $63.00 price target on the stock. They wrote, “With a higher bar given strong Nielsen data, CHD reported a mixed 2Q. EPS of $0.41 beat Street est. of $0.39, though org sales missed (+1.8% vs. Street +2.6%) with Cons. Dom. (flat) driving the shortfall. Better GM %/lower SG&A offset higher A&M driving ~2% OI beat. FY17 org sales (+3%) and EPS guide of $1.92 were reaffirmed with FX favorability reinvested. No change to strong fundamental story w/Street est.””
  • 7/31/2017 – Church & Dwight was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Church & Dwight have outperformed the sector over the past six months. We believe that a stable portfolio of value and premium products along with robust sales growth help propel the stock. The company posted positive earnings surprise in nine out of the last 12 quarters. It has a robust acquisition history that aids strengthening its portfolio. Church & Dwight’s international consumer business has also been significantly contributing towards its organic sales growth. Besides maintaining tight controls on overhead costs, the company has been mitigating the impact of same through cost reduction programs. Nevertheless, the company has been witnessing headwinds like higher input costs and promotional spending, which is hurting margins. It is also susceptible to pricing pressures, general economic softness and weak consumer demand. Estimates have however surged by a penny in the last thirty days, ahead of the second quarter results.”
  • 7/18/2017 – Church & Dwight had its “sell” rating reaffirmed by analysts at UBS Group AG. They now have a $48.00 price target on the stock, up previously from $46.00.
  • 7/18/2017 – Church & Dwight had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $63.00 price target on the stock, up previously from $60.00. They wrote, “We are lifting our FY17-19 est. for CHD to incorporate the co.’s announcement it will acquire Waterpik (water-flossing, shower-heads) for $1B (~11x synergized EV/EBITDA). The deal is expected to be ~3% accretive in FY18 (we est. ~6% in FY19). CHD maintained its FY17 EPS guide, with expected underlying FY18 EPS growth of ~7%. We view the deal as a positive for CHD (good fit/fair price) and shares remain attractively valued at 21.5x EV/ULFCF. Lifting PT to $63. Waterpik makes good, strategic sense for CHD: CHD announced it will acquire Waterpik, the owner of leading water-floss and shower-head replacement brands, for $1B. Waterpik generated ~$265M in LTM sales with EBITDA of ~$80M (12.5x EV/EBITDA). CHD expects to generate ~$10M in synergies from the acquisition (~11x synergized). The biz is 70/30 water-flossing/shower heads with growth likely mid-teens (%) in former (implied) with latter growing low-single-digits (%), based on mgmt.’s commentary.””
  • 7/17/2017 – Church & Dwight was given a new $50.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 7/10/2017 – Church & Dwight had its price target raised by analysts at Bank of America Corporation from $51.00 to $53.00. They now have an “underperform” rating on the stock.
  • 7/7/2017 – Church & Dwight was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the stock. According to Zacks, “Shares of Church & Dwight have outperformed the sector over the past six months. We believe that a stable portfolio of value and premium products along with robust sales and earnings growth help propel the stock. Church & Dwight’s international consumer business has also been significantly contributing towards its organic sales growth. Besides maintaining tight controls on overhead costs, the company has been mitigating the impact of same through cost reduction programs. The company also has a robust acquisition history.  The recent acquisitions of Agro BioSciences, VIVISCAL business and ANUSOL and RECTINOL brands are expected to add further strength to its sturdy portfolio. However, unfavorable currency, pricing pressures, rising commodity costs, seasonality in business and stiff competition will continue to remain woes. Estimates have also remained stable ahead of the second quarter results.”
  • 7/6/2017 – Church & Dwight had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $60.00 price target on the stock, up previously from $59.00.
  • 7/5/2017 – Church & Dwight was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Church & Dwight have outperformed the sector over the past six months. We believe that a stable portfolio of value and premium products along with robust sales and earnings growth help propel the stock. Besides maintaining tight controls on overhead costs, the company has been mitigating the impact of same through cost reduction programs. The company also has a robust acquisition history.  The recent acquisitions of Agro BioSciences, VIVISCAL business and ANUSOL and RECTINOL brands are expected to add further strength to its sturdy portfolio. Church & Dwight’s international consumer business has also been significantly contributing towards its organic sales growth. However, unfavorable currency, pricing pressures, rising commodity costs and stiff competition will continue to remain woes. Moreover the seasonality in Church & Dwight business also hurts the overall sales of the company.”
  • 6/24/2017 – Church & Dwight was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/17/2017 – Church & Dwight was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/13/2017 – Church & Dwight had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $59.00 price target on the stock.

Shares of Church & Dwight Company, Inc. (CHD) opened at 49.58 on Friday. The firm has a market cap of $12.37 billion, a PE ratio of 29.32 and a beta of 0.57. The stock’s 50 day moving average price is $52.30 and its 200-day moving average price is $50.49. Church & Dwight Company, Inc. has a 52-week low of $42.56 and a 52-week high of $54.18.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The company had revenue of $898 million during the quarter, compared to analysts’ expectations of $903.87 million. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts anticipate that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, August 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.53%. Church & Dwight’s payout ratio is 44.97%.

In other news, EVP Steven P. Cugine sold 177,940 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the transaction, the executive vice president now owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Leblanc sold 9,718 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total transaction of $484,345.12. Following the transaction, the director now directly owns 56,497 shares in the company, valued at approximately $2,815,810.48. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

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.

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