Church & Dwight Co. Inc. (CHD) shares are trading at lower $83.65 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $94.33.
To add more color to this target, the company’s high over the last year is $98.96 and the low is $47.98. Over the last 52 weeks, CHD is up 21.60% while the S&P 500 is up 15.91%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CHD reported a profit of $565.2 million. Church & Dwight Co. Inc. also saw revenues increase to $1.24 billion. In addition, CHD has free cash flow of $743.6 million as of 09-2020. The company’s EBITDA came in at $320.3 million which compares well with its peers.
CHD booked profit margins of 16.40%, its Return on Equity (ROE) is 26.70%, and its Return on Assets is 11.10%. All told, it is clear that, CHD needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CHD has a short ratio of 2.57 and outstanding shares of 248.45M.
CHD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.29 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.10. Church & Dwight Co. Inc. CHD also noted assets of $7.08 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CHD has historically followed its peers on positive news.
All told, Church & Dwight Co. Inc. CHD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CHD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Church & Dwight Co. Inc. CHD is now commanding a market cap of 20.84B and a float of 247.82M. CHD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CHD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in CHD, either long or short, and we have not been compensated for this article.