“In a research note distributed to investors on Wednesday, Bank of America equity analysts covered shares of Church & Dwight (NYSE:CHD), as reported by The Fly. The company gave the stocks an “underperforming” rating, indicating that they are expected to perform poorly. A handful of other brokerages also made available the public versions of their coronary heart disease reports that they compiled. In a research report released Aug. 1, Morgan Stanley lowered its “underweight” rating and price target for Church & Dwight from $86,000 to $82,000 in a research report.
Additionally, the price target has been lowered from $94,000 to $92,000. In a research note published on September 7, Credit Suisse Group lowered its price target for Church & Dwight from $100.00 to $92.00 in a research note. The brokerage firm consulted on this subject also gave the company a “neutral” rating. In a research report released Sept. 7, Wells Fargo & Company lowered its “overweight” rating on Church & Dwight shares and lowered its price target from $95.00 to $90.00. The report also said the company’s price target on the stock had been reduced from $95.00 to $90.00.
In a study made available to the public on September 8, Truist Financial recommended the purchase of shares of Church & Dwight; however, the company was given a rating of “hold” rather than the “buy” recommendation originally issued. In a research note published Sept. 7, Deutsche Bank Aktiengesellschaft lowered its price target on Church & Dwight shares from $93.00 to $90.00 in a research note. It was the last reduction, although it was not the least important. Five research experts urged shareholders to sell their shares in the company; nine recommended shareholders keep their interests and three recommended shareholders buy shares.
According to data provided by Bloomberg, Church & Dwight’s current rating is “Hold” and the company’s price target is $93.07. When trading began on Wednesday, the price of one NYSE:CD stock was $78.81. Over the past 52 weeks, the price of a Church & Dwight share has ranged from $78.71 to $105.28. The stock has a market capitalization of $19.14 billion, a price-earnings ratio of 25.02, a PEG ratio of 3.41 and a beta of 0.35. Moreover, the PEG ratio is significantly higher than the price/earnings ratio. The company’s 50-day simple moving average currently sits at $88.82, and the stock’s 200-day simple moving average currently sits at $93.02.
Now, the debt ratio stands at 0.59, the quick ratio stands at 0.63, and the current ratio stands at 1.01. On July 29, Church & Dwight’s latest quarterly earnings report, listed on the NYSE under the symbol CHD, was made public. The company reported earnings per share for the quarter at $0.76, $0.04 above the average expectation of $0.72. Revenue for the quarter was $1.33 billion, lower than the $1.34 billion analysts had expected to generate during the period. The company’s return on equity and net margin were 21.89% and 14.71%, respectively.
The company’s quarterly sales climbed 4.2% from results in the same quarter a year earlier. The company reported earnings of $0.76 per share for the same period in the prior year’s financial statements. Company experts believe Church & Dwight will earn $2.99 per share in the current fiscal year. There has been a shift in the percentage of CHD shares held by hedge funds and other institutional investors. Different types of institutional investors include pension funds. During the first three months of the year, Riverview Trust Company provided Church & Dwight with an investment of approximately thirty thousand dollars (USD). Additionally, a $30,000 financial investment in Church & Dwight by SeaCrest Wealth Management LLC during the second quarter of 2018.
Additionally, in the first three months of the current fiscal year, US Asset Management LLC purchased shares of Church & Dwight, valued at $36,000. As a result, Zions Bancorporation NA increased the number of Church & Dwight shares it held by 50.8% during the second quarter of the year. After purchasing an additional 131 shares in the last quarter, Zions Bancorporation NA now owns 389 shares of the company, with a combined value of $36,000. This brings the total number of shares directly owned by the bank to 389. Finally, during the second quarter, Heritage Wealth Advisors increased the proportion of Church & Dwight shares they held by 17.20 percentage points.
After buying an additional 250 shares of the company in the last quarter, Heritage Wealth Advisors now owns a total stake, equal to 396 shares worth $37,000. This brings the total number of shares held by Heritage Wealth Advisors in the company to 750. Institutions currently hold 82.59% of the company’s shares in their portfolios. In addition to being a manufacturer, Church & Dwight Co., Inc. also creates and sells various items that can be used in the home, for personal care, and in specialty applications. The Domestic Consumer Division, the International Consumer Division and the Specialty Products Division make up its organizational structure.
The company markets and distributes a wide range of products containing baking soda under the Arm & Hammer brand. These products include cat litter, carpet deodorizers, laundry detergents, and other similar products. It also distributes products such as condoms, lubricants and vibrators under the “Trojan” trademark, a registered trademark. 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. Both battery-powered and manual toothbrushes are available from this company under the brand name “SPINBRUSH”.