Church & Dwight (NYSE:CHD) Price Target Raised to $93.00 at UBS Group

Posted by Defense World Staff on Apr 8th, 2023

Church & Dwight (NYSE:CHD – Get Rating) had its target price upped by UBS Group from $88.00 to $93.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 2.64% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Credit Suisse Group raised shares of Church & Dwight from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $85.00 to $95.00 in a report on Tuesday, January 17th. Stifel Nicolaus upped their target price on shares of Church & Dwight from $79.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, February 6th. JPMorgan Chase & Co. increased their price objective on shares of Church & Dwight from $75.00 to $81.00 and gave the company an “underweight” rating in a research note on Friday, January 13th. TheStreet downgraded shares of Church & Dwight from a “b” rating to a “c” rating in a research note on Friday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Church & Dwight from $91.00 to $92.00 in a research note on Monday, March 20th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.56.

Church & Dwight Price Performance

Church & Dwight stock opened at $90.61 on Thursday. The stock has a market cap of $22.11 billion, a P/E ratio of 53.93, a price-to-earnings-growth ratio of 3.78 and a beta of 0.46. The company has a fifty day simple moving average of $84.56 and a 200-day simple moving average of $80.08. Church & Dwight has a 12-month low of $70.16 and a 12-month high of $105.28. The company has a current ratio of 1.18, a quick ratio of 0.63 and a debt-to-equity ratio of 0.74.

Church & Dwight (NYSE:CHD – Get Rating) last announced its quarterly earnings results on Friday, February 3rd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. Church & Dwight had a net margin of 7.70% and a return on equity of 20.70%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the business earned $0.64 EPS. Church & Dwight’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts expect that Church & Dwight will post 3.07 EPS for the current fiscal year.

Insider Buying and Selling

In other Church & Dwight news, EVP Paul Richard Wood sold 48,262 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $83.37, for a total transaction of $4,023,602.94. Following the transaction, the executive vice president now owns 120 shares of the company’s stock, valued at approximately $10,004.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 17,544 shares of the firm’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $84.00, for a total transaction of $1,473,696.00. Following the transaction, the director now owns 33,835 shares of the company’s stock, valued at approximately $2,842,140. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Paul Richard Wood sold 48,262 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $83.37, for a total transaction of $4,023,602.94. Following the transaction, the executive vice president now directly owns 120 shares in the company, valued at approximately $10,004.40. The disclosure for this sale can be found here. Insiders have sold a total of 83,350 shares of company stock valued at $6,969,241 in the last quarter. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

Several hedge funds have recently made changes to their positions in CHD. Old North State Trust LLC acquired a new position in shares of Church & Dwight in the 3rd quarter worth approximately $30,000. Guardian Wealth Advisors LLC acquired a new position in shares of Church & Dwight in the 3rd quarter worth approximately $34,000. ST Germain D J Co. Inc. acquired a new position in shares of Church & Dwight in the 4th quarter worth approximately $38,000. Delta Asset Management LLC TN acquired a new position in shares of Church & Dwight in the 4th quarter worth approximately $40,000. Finally, Asset Dedication LLC acquired a new position in shares of Church & Dwight in the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 80.86% of the company’s stock.

About Church & Dwight

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Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.