William Blair analyst Jon Andersen has maintained their bullish stance on CHD stock, giving a Buy rating on May 5.
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Jon Andersen has given his Buy rating due to a combination of factors that highlight the strategic and financial benefits of Church & Dwight’s recent acquisition plans. The company announced its intention to acquire Touchland, a brand known for its rapid growth in the hand sanitizer market. Andersen believes that this acquisition aligns well with Church & Dwight’s strategic goals and will enhance its market position.
Additionally, the financial prospects of this acquisition are promising, as Touchland’s growth trajectory suggests potential for significant revenue contributions. Andersen’s analysis indicates that this move could strengthen Church & Dwight’s portfolio and drive future growth, making the stock an attractive buy for investors.
Andersen covers the Consumer Defensive sector, focusing on stocks such as Celsius Holdings, Vital Farms, and SunOpta. According to TipRanks, Andersen has an average return of 5.2% and a 63.64% success rate on recommended stocks.
In another report released on May 5, Piper Sandler also maintained a Buy rating on the stock with a $115.00 price target.