Oppenheimer Reaffirms Their Buy Rating on Church & Dwight (CHD)

Oppenheimer analyst Rupesh Parikh maintained a Buy rating on Church & Dwight (NYSE: CHD) today and set a price target of $66. The company’s shares closed yesterday at $55.96.

Parikh observed:

“Over the past few days, CHD shares have pulled back and now are up 13% YTD, easily outperforming a gain of 6% in the S&P 500. We would take advantage of the weakness, and believe CHD still represents an attractive defensive and growth play within the CPG universe. Compared to other consumer staples names, the company has lower tariff risk, less FX exposure, and is leveraged to a strong US economic backdrop given >80% of sales generated domestically. Commodity cost headwinds are real, but we believe pricing, expense adjustments, and a potentially stronger-top line can help to mitigate. Please see our latest deep-dive published on 9/27 that lays out all the key parts of our thesis, which remains fully intact. CHD remains a top pick.”

According to, Parikh is a 5-star analyst with an average return of 15.9% 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.

Currently, the analyst consensus on Church & Dwight is a Hold with an average price target of $59.13.

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Church & Dwight’s market cap is currently $13.71B and has a P/E ratio of 17.27. The company has a Price to Book ratio of 6.17.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Robert Shearer, a Director at CHD sold 16,718 shares for a total of $966,635.

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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.

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