Citigroup Boosts Price Target on Church & Dwight Co (CHD) - Jags Report

Church & Dwight Co (NYSE: CHD) had its price target upped by Citigroup to $57.00 in a research report released on Wednesday morning.

“According to CHD, the vitamin and mineral segment is one of the fasting growing CPG segments in the U.S. and represents over $5 billion in sales. Further, while gummy vitamins represent 58% of children vitamins, they only represent 3% of adult vitamins. As Avid launched their adult gummy vitamin segment only in 2008 (and it already represents $100 million in gross sales) and the adult vitamin category is 16 times the size of the children’s vitamin category, CHD sees considerable upside in enticing adults to transition from conventional to gummy vitamins.,” the firm’s analyst wrote.

CHD has been the subject of a number of other recent research reports. Analysts at Bank of America reiterated an underperform rating on shares of Church & Dwight Co in a research note to investors on Wednesday. They now have a $52.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Church & Dwight Co from $58.00 to $63.00 in a research note to investors on Wednesday. They now have an outperform rating on the stock. Finally, analysts at UBS AG reiterated a neutral rating on shares of Church & Dwight Co in a research note to investors on Tuesday.

Church & Dwight Co traded down 0.99% on Wednesday, hitting $55.20. Church & Dwight Co has a 1-year low of $40.84 and a 1-year high of $59.27. The company has a market cap of $7.685 billion and a price-to-earnings ratio of 25.36.

Church & Dwight Co last released its earnings data on Tuesday, August 7th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.01. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts expect that Church & Dwight Co will post $2.42 EPS for the current fiscal year.

Church & Dwight Co, Inc. develops, manufactures and markets a range of household, personal care and specialty products.

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