Church & Dwight Co., Inc. (NYSE:CHD) Receives $68.38 Consensus Target Price from Brokerages
Church & Dwight Co., Inc. (NYSE:CHD) has been assigned a consensus recommendation of “Hold” from the twenty-one analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $68.38.
Several brokerages recently weighed in on CHD. Macquarie boosted their price objective on shares of Church & Dwight from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, March 29th. Citigroup cut shares of BCE from a “buy” rating to a “neutral” rating in a research note on Thursday, May 2nd. Oppenheimer upped their price target on shares of Check Point Software Technologies from $130.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Wells Fargo & Co reaffirmed a “hold” rating and set a $70.00 price target on shares of Church & Dwight in a research report on Thursday, May 2nd. Finally, SunTrust Banks cut their price target on shares of Analog Devices to $122.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd.
Shares of NYSE CHD traded up $0.04 during midday trading on Friday, reaching $75.39. The company’s stock had a trading volume of 25,131 shares, compared to its average volume of 1,384,193. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 0.60. Church & Dwight has a fifty-two week low of $53.15 and a fifty-two week high of $79.22. The stock’s 50 day moving average price is $75.35. The firm has a market cap of $18.54 billion, a P/E ratio of 33.25, a P/E/G ratio of 3.54 and a beta of 0.21.
In other Church & Dwight news, Director Arthur B. Winkleblack sold 48,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $73.19, for a total value of $3,513,120.00. Following the sale, the director now directly owns 240,606 shares in the company, valued at approximately $17,609,953.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven P. Cugine sold 15,540 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $78.63, for a total transaction of $1,221,910.20. Following the completion of the sale, the executive vice president now owns 30,866 shares in the company, valued at $2,426,993.58. The disclosure for this sale can be found here. Insiders have sold a total of 159,516 shares of company stock valued at $11,866,800 over the last three months. Insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cordasco Financial Network purchased a new stake in shares of Church & Dwight during the 1st quarter valued at $28,000. Advocacy Wealth Management Services LLC purchased a new stake in shares of Church & Dwight during the 2nd quarter valued at $29,000. Pinnacle Bank purchased a new stake in shares of Church & Dwight during the 4th quarter valued at $33,000. Baystate Wealth Management LLC raised its position in shares of Church & Dwight by 332.3% during the 1st quarter. Baystate Wealth Management LLC now owns 536 shares of the company’s stock valued at $39,000 after buying an additional 412 shares in the last quarter. Finally, Private Ocean LLC purchased a new stake in shares of Church & Dwight during the 1st quarter valued at $41,000. Institutional investors and hedge funds own 82.08% of the company’s stock.
About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. 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.
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