JPMorgan Chase & Co. Increases Church & Dwight (NYSE:CHD) Price Target to $81.00

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Church & Dwight (NYSE:CHD – Get Rating) had its price target up by JPMorgan Chase & Co. from $75.00 to $81.00 in a research report issued to clients and investors on Friday, The Fly reports. JPMorgan Chase & Co.’s target price indicates a potential downside of 0.48% from the company’s previous close.

A number of other research firms also recently weighed in on CHD. Oppenheimer cut their price target on shares of Church & Dwight to $85.00 in a report on Thursday, September 29th. Credit Suisse Group decreased their target price on Church & Dwight to $85.00 in a research report on Thursday, October 27th. Evercore ISI assumed coverage on shares of Church & Dwight in a report on Monday, October 17th. They issued an “in-line” rating on the stock. StockNews.com initiated coverage on Church & Dwight in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Morgan Stanley raised Church & Dwight from an “underweight” rating to an “equal weight” rating and set a $82.00 target price on the stock in a report on Monday, October 17th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Church & Dwight presently has an average rating g of “Hold” and a consensus price target of $87.13.

Church & Dwight Stock Down 0.4%

CHD opened at $81.39 on Friday. The stock’s 50 day moving average price is $79.46 and its 200 day moving average price is $81.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick 61 ratio of 0. . The stock has a market cap of $19.85 billion, a P/E ratio of 27.22, a P/E/G ratio of 3.92 and a beta of 0.45. Church & Dwight has a 12 month low of $70.16 and a 12 month high of $105.28.

Church & Dwight (NYSE:CHD – Get Rating) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.11. Church & Dwight had a return on equity of 21.23% and a net margin of 13.88%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company posted $0.80 EPS. The business’s quarterly revenue. was up 4% compared to the same quarter last year. As a group, research analysts predict that Church & Dwight will post 2.95 earnings per share for the current year.

Institutional Trading of Church & Dwight

Hedge funds and other institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its stake in shares of Church & Dwight by 20.6% in the second quarter. Massachusetts Financial Services Co. MA 4 now 13 shares owns 4, 6 of the company’s stock worth $594,270,000 after acquiring an additional 1,095,598 shares during the last quarter. Victory Capital Management Inc. boosted its position in Church & Dwight by 264.7% in the 2nd quarter. Victory Capital Management Inc. now owns 762,727 shares of the company’s stock valued at $70,675,000 after buying an additional 553,611 shares during the last quarter. Vaughan Nelson Investment Management LP acquired a new stake in shares of Church & Dwight in the 2nd quarter valued at $47,361,000. Assenagon Asset Management SA raised its position in shares of Church & Dwight by 7,793.4% during the third quarter. Assenagon Asset Management SA now owns 417,561 shares of the company’s sto ck worth $29,831,000 after acquiring an additional 412,271 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Church & Dwight by 10.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,400,903 shares of the company’s stock valued at $314,399,000 after acquiring an additional 405,360 shares during the last quarter. 80.86% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Company Profile

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Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry deodor 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 ter-operated brand; and manual 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; VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS produce ts; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.