Does This Provide a Reason to Buy Church & Dwight Co., Inc. (CHD)? The Stock Has Formed Bullish Double Top Pattern

September 17, 2017 - By Henry Gaston

Investors sentiment increased to 0.84 in Q4 2016. Its up 0.02, from 0.82 in 2016Q3. It is positive, as 59 investors sold Church & Dwight Co., Inc. shares while 232 reduced holdings. 57 funds opened positions while 187 raised stakes. 199.48 million shares or 49.74% less from 396.89 million shares in 2016Q3 were reported.
Fifth Third Bankshares reported 0.01% in Church & Dwight Co., Inc. (NYSE:CHD). 14,450 are owned by Kames Cap Public. Johnson Counsel Inc holds 0.04% or 29,311 shares. Fdx Advsrs owns 0.01% invested in Church & Dwight Co., Inc. (NYSE:CHD) for 10,693 shares. Welch Forbes Ltd Liability Corporation has 352,698 shares for 0.47% of their portfolio. 1832 Asset Management Ltd Partnership has 0.01% invested in Church & Dwight Co., Inc. (NYSE:CHD) for 45,678 shares. Suntrust Banks accumulated 50,625 shares or 0.01% of the stock. Ami Asset Management accumulated 1.06 million shares or 3.47% of the stock. Cue Financial Group Inc Inc accumulated 47,703 shares. Aviva Public Ltd reported 496,192 shares. Seizert invested 1.16% in Church & Dwight Co., Inc. (NYSE:CHD). Water Island Limited Liability Company invested 0.08% in Church & Dwight Co., Inc. (NYSE:CHD). Bnp Paribas Investment Ptnrs Sa holds 101,890 shares. Allstate Corporation has invested 0.13% in Church & Dwight Co., Inc. (NYSE:CHD). House Llc holds 225,573 shares or 1.52% of its portfolio.

The chart of Church & Dwight Co., Inc. (CHD) shows a double top with $54.46 target or 8.00 % above today’s $50.43 share price. The 5 months chart pattern indicates low risk for the $12.58 billion company. It was reported on Sep, 17 by Finviz.com. If the $54.46 price target is reached, the company will be worth $1.01B more. Double tops are rare but powerful chart patterns.

The stock increased 1.58% or $0.78 on September 15, reaching $50.43. About 2.64 million shares traded or 97.01% up from the average. Church & Dwight Co., Inc. (NYSE:CHD) has risen 0.39% since September 17, 2016 and is uptrending. It has underperformed by 16.31% the S&P500.

Investors wait Church & Dwight Co., Inc. (NYSE:CHD) to report on November, 2. its quarterly earnings Wall Street analysts expect $0.46 earnings per share, down $0.01 or 2.13 % from last year’s $0.47 same quarter earnings. This translates into $114.75 million profit for CHD giving the stock a 27.41 P/E. This is assuming the current $0.46 EPS is accurate. Church & Dwight Co., Inc.’s Wall Street analysts see 12.20 % EPS growth, taking into account the $0.41 EPS reproted in the previous quarter,

Church & Dwight Co., Inc. (NYSE:CHD) Ratings Coverage

Among 19 analysts covering Church & Dwight (NYSE:CHD), 2 have Buy rating, 5 Sell and 12 Hold. Therefore 11% are positive. Church & Dwight had 38 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by BMO Capital Markets on Friday, December 16. The firm has “Buy” rating by Jefferies given on Monday, July 17. The stock of Church & Dwight Co., Inc. (NYSE:CHD) has “Hold” rating given on Friday, September 16 by Stifel Nicolaus. UBS maintained Church & Dwight Co., Inc. (NYSE:CHD) rating on Wednesday, August 5. UBS has “Neutral” rating and $87 target. The stock of Church & Dwight Co., Inc. (NYSE:CHD) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, August 23. The stock has “Buy” rating by Deutsche Bank on Friday, August 5. The stock of Church & Dwight Co., Inc. (NYSE:CHD) earned “Hold” rating by BMO Capital Markets on Monday, July 17. On Wednesday, April 19 the stock rating was maintained by Jefferies with “Buy”. Societe Generale initiated the stock with “Hold” rating in Tuesday, October 13 report. The stock has “Hold” rating by Stifel Nicolaus on Friday, June 23.

More news for Church & Dwight Co., Inc. (NYSE:CHD) were recently published by: Nasdaq.com, which released: “Why Is Church & Dwight (CHD) Down 3% Since the Last Earnings Report?” on September 05, 2017. Seekingalpha.com‘s article titled: “Companies eyeing Teva’s women’s health assets – Bloomberg” and published on August 22, 2017 is yet another important article.

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