UBS Maintains a 'Neutral' on Church & Dwight Co. (CHD); Avid Acquisition
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Price: $62.65 +0.22%
Rating Summary:
4 Buy, 3 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
4 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
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UBS maintains a 'Neutral' on Church & Dwight Co. Inc. (NYSE: CHD) price target of $53.00.
Analyst, Nik Modi, maintains his rating and price target on CHD, despite the company's recent acquisition announcement.
Last night (after the close), CHD agreed to acquire Avid Health, Inc. (Avid) for $650 million in cash.
Avid’s net sales for the trailing twelve months through June 30, 2012 were approximately $230 million. Avid’s major brands are VITAFUSION, the #1 brand in adult gummy form vitamins and L’IL CRITTERS, the #1 brand in children’s gummy form vitamins.
CHD reaffirmed FY12 EPS estimate between $2.41-2.43 (ex-$0.02 dilutive effect for AVID) vs. consensus of $2.42. CHD sees FY13 EPS between $2.73-2.78 vs. consensus $2.66 (which doesn't include AVID)
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 $53.04 yesterday, with a 52 week range of $40.43-$59.27.
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Analyst, Nik Modi, maintains his rating and price target on CHD, despite the company's recent acquisition announcement.
Last night (after the close), CHD agreed to acquire Avid Health, Inc. (Avid) for $650 million in cash.
Avid’s net sales for the trailing twelve months through June 30, 2012 were approximately $230 million. Avid’s major brands are VITAFUSION, the #1 brand in adult gummy form vitamins and L’IL CRITTERS, the #1 brand in children’s gummy form vitamins.
CHD reaffirmed FY12 EPS estimate between $2.41-2.43 (ex-$0.02 dilutive effect for AVID) vs. consensus of $2.42. CHD sees FY13 EPS between $2.73-2.78 vs. consensus $2.66 (which doesn't include AVID)
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 $53.04 yesterday, with a 52 week range of $40.43-$59.27.
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