'Boring' Is A Good Thing For Excellent Companies Like Church & Dwight

On Thursday, Church & Dwight Co., Inc. (NYSE: CHD) reported Q2 EPS of $0.85 vs. $0.79 estimates and revenues of $877.4 million vs. estimates of $868.6 million.

Jeffries' Take

Jeffries' Kevin Grundy applauded Church & Dwight's "strong" earnings report and raised the company's price target from $112.00 to $116.00, while maintaining Church & Dwight's Buy rating.

"The old playbook of innovation driven top line growth, strong GM percentage improvement, appropriate brand support, and top quartile FCF conversion continues to drive shareholder value," stated Grundy.

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Grundy reiterated Church & Dwight's strong management team and best "M&A optionality" in the group as both a target and an acquirer. The analyst also applauded the company's high EPS visibility and 5 percent discount to peers despite said positives.

According to TipRanks, Kevin Grundy is among the best analysts covering, Church & Dwight with a 74 percent success rating and a +7.7 percent average return per recommendation.

At time of writing, Church & Dwight traded at $100.08, down 1.11 percent Friday.

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