Analyst Christopher Carey of Wells Fargo maintained a Buy rating on Church & Dwight (CHD – Research Report), reducing the price target to $115.00.
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Christopher Carey has given his Buy rating due to a combination of factors that indicate Church & Dwight’s strong position in the market. The company has demonstrated robust consumption trends, with U.S. scans showing over a 3% increase and international and specialty products divisions also contributing positively. This overall growth trajectory suggests that the underlying trends are moving in a mid-single-digit positive direction.
Additionally, Church & Dwight’s strategic investments and innovation, particularly in their Arm & Hammer brand, which accounts for a significant portion of sales, are expected to drive future growth. The company’s proactive engagement in mergers and acquisitions, supported by a healthy cash reserve, further enhances its potential for sustained success. Despite some short-term inventory challenges, the long-term outlook remains optimistic, with expectations of re-orders aligning with strong consumption patterns.
In another report released on February 5, Argus Research also maintained a Buy rating on the stock with a $125.00 price target.
Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CHD in relation to earlier this year.