Church & Dwight’s (CHD) Underperform Rating Reaffirmed at Bank of America
Church & Dwight (NYSE:CHD)‘s stock had its “underperform” rating reaffirmed by Bank of America in a report issued on Thursday, Marketbeat.com reports. They presently have a $66.00 price objective on the stock, up from their previous price objective of $58.00. Bank of America’s target price would indicate a potential downside of 1.21% from the company’s previous close.
Other research analysts also recently issued reports about the company. Morgan Stanley boosted their price objective on Church & Dwight from $50.00 to $55.00 and gave the company a “sell” rating in a research note on Monday, November 5th. Barclays set a $54.00 target price on Church & Dwight and gave the company a “sell” rating in a research report on Saturday, November 3rd. JPMorgan Chase & Co. boosted their target price on Church & Dwight from $58.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. Citigroup boosted their target price on Church & Dwight from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. Finally, Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Monday, November 12th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Church & Dwight has a consensus rating of “Hold” and a consensus price target of $60.59.
Shares of CHD opened at $66.81 on Thursday. Church & Dwight has a 52-week low of $44.87 and a 52-week high of $67.93. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.93. The firm has a market capitalization of $16.43 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 2.90 and a beta of 0.34.
In other news, Director James Craigie sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $66.43, for a total value of $19,929,000.00. Following the completion of the transaction, the director now directly owns 327,577 shares of the company’s stock, valued at $21,760,940.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven P. Cugine sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $64.39, for a total value of $965,850.00. Following the completion of the transaction, the executive vice president now directly owns 43,948 shares of the company’s stock, valued at $2,829,811.72. The disclosure for this sale can be found here. Insiders have sold a total of 346,780 shares of company stock valued at $22,971,597 over the last three months. Corporate insiders own 2.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in CHD. Harvest Fund Management Co. Ltd bought a new position in shares of Church & Dwight in the third quarter valued at approximately $107,000. Fort L.P. bought a new position in shares of Church & Dwight in the second quarter valued at approximately $129,000. Girard Partners LTD. bought a new position in shares of Church & Dwight in the third quarter valued at approximately $141,000. Global Trust Asset Management LLC bought a new position in shares of Church & Dwight in the third quarter valued at approximately $142,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Church & Dwight in the second quarter valued at approximately $148,000. 82.79% of the stock is owned by institutional investors.
Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand.
Further Reading: Buyback For Investors Defined
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