Church & Dwight (CHD) PT Lifted to $116 at Jefferies

August 5, 2016 9:06 AM EDT
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Price: $44.53 -0.49%

Rating Summary:
    6 Buy, 10 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 20 | Down: 30 | New: 24
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Jefferies analyst Kevin Grundy reiterated a Buy rating and raised his price target on Church & Dwight Co. Inc. (NYSE: CHD) to $116.00 (from $112.00) following results.

Grundy commented, "CHD remains a core holding following strong 2Q results including +3.7% org sales (+4.9% ex-SPD) and $0.06 of EPS upside. The old playbook of innovation-driven topline growth, strong GM % improvement, appropriate brand support, and top quartile FCF conversion continues to drive shareholder value. CHD remains undervalued at 22.5x EV/ULFCF (~5% discount to peers). Buy, lifting PT to $116."

For an analyst ratings summary and ratings history on Church & Dwight Co. Inc. click here. For more ratings news on Church & Dwight Co. Inc. click here.

Shares of Church & Dwight Co. Inc. closed at $101.18 yesterday.

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