On February 23, 2024, Argus Research analyst Taylor Conrad made a bold move by upgrading Church & Dwight Co (NYSE:CHD) from Hold to Buy, with a new price target of $115. This upgrade reflects a bullish perspective on the stock’s future.
Argus has been vocal about the strength of Church & Dwight’s “power brands” and has reiterated their Buy rating. It’s worth mentioning that in the past, Argus had downgraded Church & Dwight to Hold citing sales and cost issues. However, this recent upgrade indicates a shift in sentiment and a renewed confidence in the company’s potential for growth.
Investors should take note of this upgrade as it could signal a positive trajectory for Church & Dwight moving forward.
Church & Dwight Co., Inc. (CHD) Shows Strong Stock Performance on February 23, 2024
On February 23, 2024, Church & Dwight Co., Inc. (CHD) showed strong performance in the stock market. According to data from CNN Money, CHD is currently trading near the top of its 52-week range and above its 200-day simple moving average.
The price of CHD shares increased by $0.14 since the market last closed, representing a 0.14% rise. The stock opened at $100.39, which was $0.75 higher than its previous close. This positive price momentum suggests that investors have confidence in the company’s performance and future prospects.
Church & Dwight Co., Inc. is a consumer goods company that produces a variety of household and personal care products. With a strong portfolio of well-known brands such as Arm & Hammer, Trojan, and OxiClean, CHD has established itself as a leader in the industry.
Investors may be drawn to CHD for its consistent growth and profitability. The company has a track record of delivering strong financial results and has continued to innovate and expand its product offerings to meet changing consumer preferences.
Overall, CHD’s stock performance on February 23, 2024, reflects the company’s solid fundamentals and positive market sentiment. Investors will be closely watching to see if the stock can maintain its momentum and continue to deliver value in the future.
CHD Stock Performance Analysis: Revenue and Net Income Increase, Earnings per Share Decrease
On February 23, 2024, CHD stock performance showed some interesting trends based on the financial data provided by CNN Money. Total revenue for CHD stood at $5.87 billion over the past year, with a significant increase of 9.16% compared to the previous year. However, in the last quarter, total revenue was reported at $1.53 billion, holding flat compared to the previous quarter. Net income for CHD was reported at $755.60 million over the past year, showing a substantial increase of 82.56% compared to the previous year. Similar to total revenue, net income held flat in the last quarter at $153.70 million. Earnings per share (EPS) for CHD were reported at $3.05 over the past year, marking an increase of 81.59% compared to the previous year. However, in the last quarter, EPS decreased by 12.81% to $0.62. Overall, CHD stock performance on February 23, 2024, showed mixed results. Investors may want to closely monitor CHD’s financial performance in the coming quarters to see if the company is able to sustain its growth trajectory.
