JPMorgan Chase & Co. Boosts Church & Dwight (NYSE:CHD) Price Target to $98.00

Church & Dwight (NYSE:CHD) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $97.00 to $98.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 3.55% from the stock’s previous close.

A number of other research analysts have also commented on CHD. Stifel Nicolaus lowered their price objective on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Piper Sandler began coverage on shares of Church & Dwight in a research note on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price objective on the stock. Evercore ISI lowered their price objective on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research note on Monday, August 5th. Truist Financial reduced their target price on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, TD Cowen assumed coverage on shares of Church & Dwight in a report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 target price for the company. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $107.50.

Church & Dwight Price Performance

Shares of NYSE:CHD opened at $101.61 on Friday. The firm’s 50 day moving average is $102.43 and its two-hundred day moving average is $104.04. Church & Dwight has a 52 week low of $82.25 and a 52 week high of $110.31. The firm has a market capitalization of $24.88 billion, a P/E ratio of 31.26, a PEG ratio of 3.71 and a beta of 0.54. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned $0.92 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts anticipate that Church & Dwight will post 3.43 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the transaction, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Church & Dwight

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Game Plan Financial Advisors LLC purchased a new stake in Church & Dwight in the 1st quarter worth approximately $26,000. Crewe Advisors LLC purchased a new stake in Church & Dwight in the 1st quarter worth approximately $28,000. Roble Belko & Company Inc purchased a new stake in Church & Dwight in the 1st quarter worth approximately $31,000. Rothschild Investment LLC purchased a new stake in Church & Dwight in the 2nd quarter worth approximately $31,000. Finally, Creekmur Asset Management LLC bought a new position in shares of Church & Dwight during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics 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; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.