Jefferies analyst Kevin Grundy maintained a Buy rating on Church & Dwight (NYSE: CHD) today and set a price target of $55. The company’s shares closed on Friday at $48.19.
Grundy noted:
“Our view that CHD remains an undervalued, core holding was reinforced after recent investor meetings in Europe with CEO Matt Farrell and CFO Rick Dierker. Although pragmatic on the risks facing the industry, CHD’s long history of acquiring/growing brands, enhancing returns, and high EPS visibility make it among the “best-in-class” staples stocks, in our view. No change to est./PT – attractive valuation at 20x EV/ULFCF (modest premium to peers).”
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 4.7% and a 61.1% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Edgewell Personal Care, and Monster Beverage Corp.
Church & Dwight has an analyst consensus of Moderate Buy, with a price target consensus of $51.67.
See today’s analyst top recommended stocks >>
Church & Dwight’s market cap is currently $11.78B and has a P/E ratio of 15.85. The company has a Price to Book ratio of 5.50.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Ravichandra Krishnamurty Saligram, a Director at CHD bought 20,000 shares for a total of $257,600.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
