Church & Dwight Co Inc (Symbol: CHD) has recently seen its shares break past the average analyst 12-month target price of $101.87, with each share now trading at $101.91. When a stock hits the target set by an analyst, they typically have two choices: either reduce their recommendation due to valuation concerns or revise their target upwards. Their decision may hinge on the underlying business fundamentals driving the stock’s ascent — if the company’s prospects are bright, perhaps it’s time to raise the target price.
While there are 15 analyst targets within the Zacks coverage universe influencing this average for Church & Dwight Co Inc, it’s essential to note that the average is merely a numerical calculation. Some analysts have set lower targets than the average, with one eyeing a price of $80.00. On the flip side, another analyst has set a high target of $110.00. The standard deviation currently stands at $8.408.
The rationale for examining the average CHD price target is to tap into the collective intelligence of the ‘wisdom of crowds’. This collective effort combines the insights of all analysts contributing to the final number, rather than relying on the opinion of a single expert. With CHD surpassing the average target price of $101.87/share, investors in CHD receive a strong signal to reevaluate the company and determine for themselves: is $101.87 just a stepping stone towards an even higher target, or has the valuation reached a level that warrants profit-taking? Below is a breakdown of current analyst sentiments for Church & Dwight Co Inc:
| Recent CHD Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 7 | 5 | 5 | 5 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 7 | 9 | 9 | 9 |
| Sell ratings: | 0 | 0 | 0 | 1 |
| Strong sell ratings: | 3 | 3 | 3 | 2 |
| Average rating: | 2.47 | 2.69 | 2.69 | 2.64 |
The average rating shown in the last row of the table ranges from 1 to 5, where 1 represents Strong Buy and 5 signifies Strong Sell. The data for this article was sourced from Zacks Investment Research via Quandl.com. Access the latest Zacks research report on CHD for FREE.
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The perspective and opinions conveyed in this piece reflect those of the author and may not necessarily mirror those of Nasdaq, Inc.
