JP Morgan Initiates Coverage On Church & Dwight Co. to Neutral with Price Target $53

JP Morgan Initiates Coverage On Church & Dwight Co.(CHD). In a research note issued to the investors, the brokerage major Announces the price-target to $53 per share. The shares have been rated Neutral. The rating by the stock financial advisor at JP Morgan was issued on Mar 21, 2017 in a research report to their Investors and Clients.

Church & Dwight Co. (CHD) shares turned negative on Fridays trading session with the shares closing down -0.12 points or -0.24% at a volume of 13,35,614. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $50.49. The peak price level was also seen at $50.49 while the days lowest was $50.01. Finally the shares closed at $50.22. The 52-week high of the shares is $53.68 while the 52-week low is $42.555. According to the latest information available, the market cap of the company is $12,758 M.

Church & Dwight Co.(CHD) last announced its earnings results on Feb 7, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $896.000M. Analysts had an estimated revenue of $889.230M. Earnings per share were $0.44. Analysts had estimated an EPS of $0.42.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2017, Paul A Siracusa (Executive V.P., Global R&D) sold 25,000 shares at $50.02 per share price.Also, On Mar 1, 2017, Steven P Cugine (EVP New Products & Pres Int’l) sold 17,400 shares at $49.83 per share price.On Feb 24, 2017, Bradley C Irwin (director) sold 20,000 shares at $49.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Church & Dwight Co. Inc. develops manufactures and markets a range of household personal care and specialty products. The Company operates in three segments. The Consumer Domestic segment provides the power brands (ARM & HAMMER TROJAN OXICLEAN SPINBRUSH FIRST RESPONSE NAIR ORAJEL XTRA L’IL CRITTERS and VITAFUSION) and other household and personal care products such as SCRUB FREE KABOOM and ORANGE GLO cleaning products ANSWER home pregnancy and ovulation test kits ARRID antiperspirant and CLOSE-UP and AIM toothpastes. The Consumer International segment sells personal care products some of which use the same brands as the Company’s domestic product lines in International markets. The Specialty Products Division (SPD) is a producer of sodium bicarbonate which it sells together with other specialty inorganic chemicals for industrial institutional medical and food applications. SPD also sells a range of animal nutrition and specialty cleaning products.

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