William Blair analyst Jon Andersen has maintained their bullish stance on CHD stock, giving a Buy rating on July 29.
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Jon Andersen has given his Buy rating due to a combination of factors including Church & Dwight’s strong quarterly performance and robust full-year guidance. The company’s sales figures reached the upper end of management’s expectations, and earnings per share exceeded forecasts, indicating a positive trend in consumer demand despite challenges such as retailer inventory reductions.
Additionally, Andersen highlights the company’s diverse portfolio of leading consumer brands that are less sensitive to economic fluctuations, alongside a consistent record of improving profit margins. These elements contribute to a favorable valuation, with the stock trading at approximately 17 times the projected 2025 EBITDA, making it an attractive option for investors seeking both absolute returns and stability in their portfolios.
In another report released on July 29, RBC Capital also maintained a Buy rating on the stock with a $114.00 price target.