Actionable news
0
All posts from Actionable news
Actionable news in CHD: CHURCH & DWIGHT CO. Inc,

'Boring' Is A Good Thing For Excellent Companies Like Church & Dwight

'Boring' Is A Good Thing For Excellent Companies Like Church & Dwight - Church & Dwight Company, Inc. NYSE:CHD

On Thursday, Church & Dwight Co., Inc. CHD 0.65% reported Q2 EPS of $0.85 vs. $0.79 estimates and revenues of $877.4 million vs. estimates of $868.6 million.

Jeffries' Take

Jeffries' Kevin Grundy applauded Church & Dwight's "strong" earnings report and raised the company's price target from $112.00 to $116.00, while maintaining Church & Dwight's Buy rating.

"The old playbook of innovation driven top line growth, strong GM percentage improvement, appropriate brand support, and top quartile FCF conversion continues to drive shareholder value," stated Grundy.

Grundy reiterated Church & Dwight's strong management team and best "M&A optionality" in the group as both a target and an acquirer. The analyst also applauded the company's high EPS visibility and 5 percent discount to peers despite said positives.

According to TipRanks, Kevin Grundy is among the best analysts covering, Church & Dwight with a 74 percent success rating and a +7.7 percent average return per recommendation.

At time of writing, Church & Dwight traded at $100.08, down 1.11 percent Friday.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

DateFirmActionFromTo
Aug 2016CitigroupMaintainsNeutral
Aug 2016Deutsche BankMaintainsBuy
Aug 2016JefferiesMaintainsBuy

© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.