Oppenheimer analyst Rupesh Parikh maintained a Buy rating on Church & Dwight (CHD) today and set a price target of $82. The company’s shares closed yesterday at $73.64, close to its 52-week high of $74.99.
Parikh observed:
“We overall look favorably upon the better than expected results reported by CHD this morning. $0.70 topped a Street figure of $0.66 and management guidance of $0.66. Organic sales growth increased 4.5% with benefits of pricing actions, ahead of a Street figure of 3.8%. Management reaffirmed full year EPS guidance even with the Q1 beat, which likely reflects conservatism. We await more clarity on the conference call to understand all the drivers. CHD remains a top consumer staples pick for us. We would take advantage of any potential profit taking this morning. Please see our detailed update titled the CHD Bull Case; Reiterate as a for our latest views.”
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 16.6% and a 66.2% success rate. Parikh covers the Services sector, focusing on stocks such as United Natural Foods, Sprouts Farmers, and Ulta Beauty Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Church & Dwight with a $67.92 average price target.
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Church & Dwight’s market cap is currently $18.18B and has a P/E ratio of 32.50. The company has a Price to Book ratio of 7.41.
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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.
