Church & Dwight Stock Swings Higher After 2 Upgrades

Both analysts believe CHD has an attractive valuation

Deputy Editor
Jan 17, 2023 at 11:12 AM
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Church & Dwight & Co., Inc. (NYSE:CHD) stock is up 4.1% at $85.23 at last check, after Morgan Stanley upgraded the stock to "overweight" from "equal weight," with a price-target hike to $91 from $82. Plus, Credit Suisse upped its rating to "outperform" from "neutral," and raised its price target by $10 to $95. Both analysts see an attractive entry point after a rough year for CHD. 

This could be the start of an optimistic shift amongst the brokerage bunch. Of the 23 analysts in coverage, 15 still carry a "hold" or worse rating on CHD. Plus, the 12-month consensus price target is in line with current levels, leaving room for price-target hikes. 

Down 18.2% year-over-year, today's pop has Church & Dwight stock breaking above the $84 level, which had kept a lid on the shares since early December. The stock's 40-day moving average has also moved in as support. 

Options look like a good way to go when betting on CHD, too, per the stock's Schaeffer's Volatility Scorecard (SVS), which sits at 87 out of 100. This this means the security has exceeded option traders' volatility expectations during the past year.


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