Argus investment analysts changed their recommendation for Church & Dwight (NYSE:CHD) in a research report released on Monday, as reported by The Fly. Argus’ report has been made public. Previously, they had recommended that buyers “hold” stocks in their portfolios.
In recent years, several other research organizations have also released statements regarding coronary heart disease. Credit Suisse Group revealed in a publicly available research report on Thursday, October 27 that its price target for Church & Dwight had been lowered to $85.00 due to the cut. In a research note released on Monday, October 31, Royal Bank of Canada lowered its price target on Church & Dwight shares from $90.00 to $85.00 and rated the company as a “sector performer.” “. The note from the Royal Bank of Canada has been released. Truist Financial changed its recommendation on Church & Dwight shares from “buy” to “hold” in a research note dated Thursday, September 8. This reflects a more neutral stance on the stock. JPMorgan Chase & Co. cut its price target on Church & Dwight from $80.00 to $72.00 and classified the stock as “underweight” in a research note released Thursday, October 13. Goldman Sachs downgraded Church & Dwight to a “neutral” rating. to an “underweight” rating and cut its price target on the stock from $93.00 to $83.00 in a research report released on Monday, October 10. It was the last but not the least of the company’s recent decisions. According to the findings of equity research specialists, five market analysts gave the stock a buy rating, nine a hold rating and four a sell rating. Church & Dwight’s stock received a “hold” rating from most analysts polled on Bloomberg.com, with an average price target of $86.21 per share.
Trading in CHD shares began on Monday with an opening price of $71.40 per share. These values show a quick ratio of 0.61, a current ratio of 1.08 and a leverage ratio of 0.57. The quick report is the most important of the three. The stock has a beta value of 0.43 and a price/earnings ratio of 23.88. Additionally, the stock’s price-to-earnings growth ratio is 3.59. It is currently valued at $17.41 billion in the market. The company’s moving average over the past 50 days is $75.96 and the moving average over the past 200 days is $86.11, respectively. Over the past year and a half, Church & Dwight’s stock price has fluctuated between $70.16 and $105.28.
Church & Dwight’s latest quarterly earnings report, which trades on the NYSE under the ticker symbol CHD, was released on Friday, October 28. The company reported quarterly earnings of $0.76 per share, $0.11 above the consensus estimate of $0.65. per share from industry analysts. Revenue generated by the company for the quarter was $1.32 billion, which is higher than the expected total of $1.31 billion expected to be generated by the company. Church & Dwight had a return on equity of 21.23% and the company’s net margin was 13.88%. These two numbers are percentages. Compared to sales in the same quarter of the previous year, the company recorded a 0.4% increase in quarterly revenue. Earnings for the same quarter a year earlier show the company earned earnings per share of $0.80, an increase from the prior year’s results. In the current fiscal year, industry experts expect Church & Dwight to earn $2.95 per share.
As previously reported, Executive Vice President Rene Hemsey completed the sale of 5,000 shares of the company on Friday, September 16. Three hundred and eighty-three thousand eight hundred and twenty-five dollars worth of company stock changed hands at an average price of $76.77 per share. Following the successful closing of the transaction, the Executive Vice President is now the direct owner of 6,259 shares of the company, which have a combined value of $480,503.43. You may find a filing that explains the transaction in more detail on the Securities and Exchange Commission (SEC) website. In addition, 1.70 insiders of the company hold percent of the total number of company shares.
Over the past few months, some institutional investors, as well as some hedge funds, have changed the CHD holdings they currently hold in their portfolios. During the second quarter, SeaCrest Wealth Management LLC spent nearly thirty thousand dollars to acquire an additional stake in Church & Dwight. As a result, Zions Bancorporation NA increased the number of Church & Dwight shares held by 50.8% during the second quarter. Zions Bancorporation NA now owns a total of 389 shares of the company, which have a current value of $36,000 after purchasing 131 additional shares during the period in question. Additionally, the size of Heritage Wealth Advisors’ holdings in Church & Dwight increased 71.2% in the second quarter compared to the first quarter. Heritage Wealth Advisors now owns 396 shares of the company, worth $37,000 after buying an additional 250 shares in the most recent period. These shares were purchased during the most recent period. The most recent period includes the acquisition of these shares. Additionally, pin Oak Investment Advisors Inc. acquired a new investment in Church & Dwight during the second quarter of the year. The value of this investment was approximately $37,000. And finally, during the third quarter, Asset Dedication LLC increased the amount of Church & Dwight stock it already owned by buying for $43,000. Most of the shares are held by hedge funds and other institutional investors, accounting for 82.59% of the total.
Church & Dwight Co., Inc. is a company specializing in the development, production and distribution of specialty products for home and personal care use. The Domestic Consumer Division, the International Consumer Division and the Specialty Products Division make up its organizational structure. The company markets and distributes various products containing baking soda under the ARM & HAMMER brand. These products include cat litter, carpet deodorizers, laundry detergents, and other similar products. In addition, it distributes various products, including lubricants, vibrators and condoms, under the “TROJAN” brand. Products such as bleach alternatives, stain removers, cleaning solutions and laundry detergents are among those distributed and sold by the company under the Oxiclean brand. Additionally, both battery-powered and manual toothbrushes from this company are available under the Spinbrush brand.