The Church & Dwight Co., Inc. (CHD) Stock Rating Upgraded by Zacks Investment Research

The Church & Dwight Co., Inc. (CHD) Stock Rating Upgraded by Zacks Investment Research

According to Zacks, “Shares of Church & Dwight have outperformed the sector on a year-to-date basis. Estimates have also been rising over the past 30 days for 2017 and 2018 since the company reported better-than-expected first quarter 2017 results. Both earnings and sales also increased 20.9% and 3.3%, respectively in the first quarter. Productivity initiatives and the impact of higher margin acquired business led to margin expansion, though they were offset by higher input costs. We believe that stable portfolio of value and premium products, tight management of overhead expenses, along with robust sales and earnings growth help propel the stock. The recent acquisitions of Agro BioSciences, VIVISCAL business and ANUSOL and RECTINOL brands are expected to add further strength to the company’s sturdy portfolio. However, unfavorable currency, pricing pressures, rising commodity costs and stiff competition will continue to remain woes.”

Church & Dwight Co., Inc. (NYSE:CHD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $58.00 price target on the stock. Zacks Investment Research‘s price target points to a potential upside of 10.33% from the company’s current price.

CHD has been the topic of a number of other research reports. Morgan Stanley downgraded shares of Church & Dwight Co. from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and set a $54.00 target price on shares of Church & Dwight Co. in a research report on Wednesday, April 12th. JPMorgan Chase & Co. began coverage on shares of Church & Dwight Co. in a research report on Tuesday, March 21st. They set a “neutral” rating and a $53.00 target price on the stock. Barclays PLC set a $47.00 target price on shares of Church & Dwight Co. and gave the company a “sell” rating in a research report on Saturday, February 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $45.00 target price on shares of Church & Dwight Co. in a research report on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.90.

Shares of Church & Dwight Co. (NYSE CHD) opened at 52.57 on Thursday. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 28.73 and a beta of 0.43. The company’s 50 day moving average is $50.39 and its 200-day moving average is $47.80. Church & Dwight Co. has a one year low of $42.56 and a one year high of $52.58. Church & Dwight Co. (NYSE:CHD) last released its earnings results on Thursday, May 4th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.06. Church & Dwight Co. had a net margin of 13.14% and a return on equity of 23.11%. The company had revenue of $877.20 million for the quarter, compared to the consensus estimate of $869.06 million. During the same quarter in the previous year, the company earned $0.43 EPS. Church & Dwight Co.’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts expect that Church & Dwight Co. will post $1.93 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farr Miller & Washington LLC DC increased its position in Church & Dwight Co. by 0.5% in the fourth quarter. Farr Miller & Washington LLC DC now owns 6,200 shares of the company’s stock valued at $274,000 after buying an additional 28 shares during the last quarter. Conning Inc. raised its stake in Church & Dwight Co. by 0.7% in the first quarter. Conning Inc. now owns 6,190 shares of the company’s stock valued at $309,000 after buying an additional 40 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Church & Dwight Co. by 0.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 18,180 shares of the company’s stock valued at $907,000 after buying an additional 50 shares during the last quarter. Boston Financial Mangement LLC raised its stake in Church & Dwight Co. by 1.4% in the first quarter. Boston Financial Mangement LLC now owns 4,970 shares of the company’s stock valued at $248,000 after buying an additional 70 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its stake in Church & Dwight Co. by 1.0% in the first quarter. Flagship Harbor Advisors LLC now owns 8,812 shares of the company’s stock valued at $440,000 after buying an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 78.56% of the company’s stock. About Church & Dwight Co.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CHD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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