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Church & Dwight (NYSE:CHD) Co., Inc., the consumer goods giant known for its household products, has reached an all-time high, with its stock price soaring to $113.84. This milestone reflects a significant uptrend in the company’s market performance, marking a notable achievement amidst a challenging economic landscape. Over the past year, Church & Dwight has witnessed an impressive 11.59% increase in its stock value, underscoring the company’s resilience and the strong demand for its portfolio of brands, which includes the likes of Arm & Hammer and OxiClean. Investors have shown increased confidence in Church & Dwight’s growth prospects, propelling the stock to new heights and setting a robust precedent for its future trajectory.
In other recent news, Church & Dwight Co., Inc. reported fourth quarter earnings that aligned with analyst expectations, while revenue slightly surpassed projections. The company announced adjusted earnings per share of $0.77, matching the consensus estimate, and a revenue increase of 3.5% year-over-year to $1.58 billion, slightly above the forecasted $1.57 billion. Looking ahead, Church & Dwight anticipates 2025 organic sales growth of 3-4% and adjusted earnings per share growth of 7-8%, although first quarter guidance fell short of expectations.
Wells Fargo (NYSE:WFC) recently adjusted its price target for Church & Dwight to $165, maintaining an Overweight rating, citing an investor overreaction to the slow start of Rose’s Gaming Resort. Piper Sandler also revised its price target to $126, while maintaining an Overweight rating, highlighting the company’s management and international growth prospects. Stifel raised its price target to $105, keeping a Hold rating, and noted the company’s conservative guidance for early 2025.
Barclays (LON:BARC) increased its price target to $93, maintaining an Underweight rating, and expressed concerns about Church & Dwight’s operational growth strategy. Despite these challenges, Barclays noted positive strategic developments, particularly in international markets. These updates reflect a range of analyst perspectives on Church & Dwight’s recent performance and future outlook.
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