Church & Dwight (CHD) received a Buy rating and a $73 price target from Oppenheimer analyst Rupesh Parikh today. The company’s shares closed yesterday at $60.46.
Parikh wrote:
“Following the 7%+ decline in shares on 2/5, we are reinstating CHD as a top pick. Last week, we removed CHD as a top pick, as we were fearful of the potential for a below-plan guide in a high-expectation setup. With the reset now out of the way, we believe investors can again focus on a still attractive outlook for CHD. We continue to feel comfortable with 3%+ organic sales growth and 8% EPS growth with a likely higher quality delivery in 2019 vs. 2018. M&A optionality could represent upside to our base case. CHD pullbacks tend to be less frequent, and we believe the recent weakness should be bought.”
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.4% and a 63.3% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Church & Dwight with a $65.80 average price target, representing an 8.8% upside. In a report released yesterday, Jefferies also assigned a Buy rating to the stock with a $75 price target.
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The company has a one-year high of $69.49 and a one-year low of $44.87. Currently, Church & Dwight has an average volume of 2.14M.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. Last month, Maynadier Patrick De, the EVP, GC & Sec of CHD sold 139,320 shares for a total of $9,294,037.
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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.
