This consumer products giant is a buy after a recent pullback, RBC says
RBC Capital Markets thinks shares of Church & Dwight could see a rebound as tariff and consumer woes appear to have eased in recent weeks. The company also has a new growth engine with its recent acquisition, according to the firm. Analyst Nik Modi upgraded the consumer products company to outperform from sector perform and lifted his price target by $14 to $114. His new target suggests that the stock can jump about 16% from its latest close. Church & Dwight, which owns brands including Arm & Hammer and Nair, declined 7% on May 1 after the company issued lackluster second-quarter earnings guidance. Year to date, shares have lost 6%. But Modi believes the stock is now trading at a "good entry point" after this pullback, given it has also underperformed the Consumer Staples Select Sector SPDR Fund (XLP) in 2025. "CHD shares have underperformed following a soft Q1 print impacted by destocking, slower category growth, and the impact of tariffs," Modi said. But "after spending time with Church & Dwight management (CEO/ new CFO), we have renewed confidence that the current guide adequately reflects the challenges of the current environment." The analyst is also confident that Church & Dwight will continue to gain market share across most of its portfolio for the rest of the year, highlighting that the company's year-over-year volume share in laundry detergent, mouthwash and skin care has increased year to date. CHD 1Y mountain Church & Dwight stock performance over the past year. Additionally, Modi is optimistic that Church & Dwight's acquisition of hand sanitizer brand Touchland will usher in greater distribution opportunities as well as potential opportunity to drive greater revenue synergy with Sephora. "We are also bullish on the acquisition of Touchland given its product efficacy, differentiation, distribution opportunities and loyal consumer base," he said in a note to clients. "We see this acquisition as more akin to recent acquisitions Hero and TheraBreath and less like acquisitions like Flawless or Vitafusion." Analysts in general aren't fully on board with Church & Dwight. Of the 24 analysts that cover the name, only eight rate it a strong buy or buy, while 11 have a hold rating. Another five rate it as underperform or sell, per LSEG.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
2 days ago
- Bloomberg
India's Largest Port in the Making to Raise $3.5 Billion Debt
The firm building what will become the largest port in India plans to raise as much as 300 billion rupees ($3.5 billion) of debt, giving lenders an opportunity to invest in one of the cornerstones of Prime Minister Narendra Modi's infrastructure overhaul. Owners of the Vadhvan Port Project Ltd., located a few hours north of Mumbai, are looking to raise debt with tenors in the range of 15 to 20 years. They're considering onshore and offshore markets to raise the funds, according to a top official.
Business Upturn
3 days ago
- Business Upturn
'I stopped a war between two nuclear nations': US President Trump claims major diplomatic victory btween India and Pakistan
U.S. President Donald J. Trump has claimed that he played a pivotal role in defusing a potential war between India and Pakistan, two of the world's major nuclear-armed nations. During a recent public appearance, Trump emphasised his hands-on involvement in avoiding what could have been a major regional conflict. 'I stopped a war between two major nuclear nations. The people know,' said President Trump. Trump, who is currently serving his second, non-consecutive term as the 47th President of the United States, highlighted the importance of diplomacy and personal connections in global peacekeeping. Speaking of his ties with both nations, he stated, 'I love Pakistan. Modi is a fantastic man — spoke to him last night.' He went on to credit Pakistan's Chief of Army Staff (COAS) and Indian Prime Minister Narendra Modi as the key figures involved in backchannel diplomacy. 'This man — the COAS from Pakistan — was extremely influential on their side, and Modi was very important on India's side. I made a trade deal with both and stopped the war,' Trump said. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
3 days ago
- Yahoo
Modi Disputes Trump's Version of India-Pakistan Ceasefire
(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Security Concerns Hit Some of the World's 'Most Livable Cities' How E-Scooters Conquered (Most of) Europe JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown Indian Prime Minister Narendra Modi disputed President Donald Trump's claims that trade deals were used to clinch a recent ceasefire with Pakistan, the latest sign of possible strain in the relationship between New Delhi and Washington. Modi held a 35-minute call with Trump on Tuesday night in the US after the two leaders failed to meet in person at the Group of Seven meeting in Canada, India's Foreign Secretary Vikram Misri said in a video statement. It was their first conversation since the four-day military strikes between India and Pakistan last month that brought the two neighbors close to war. Trump has consistently said the US helped broker a ceasefire and that he used trade deals as a negotiating tool, comments that Indian officials have disputed. Modi clarified India's position to Trump during the leaders' call, Misri said Wednesday. 'PM Modi clearly told President Trump that during this entire incident, at no time, at any level, were there any talks on issues like India-US trade deal or mediation between India and Pakistan through America,' he said. 'PM Modi stressed that India has never accepted mediation, does not accept it, and will never accept it.' The Indian leader's forthright comments come amid growing frustration in New Delhi over Trump's repeated claims of defusing tensions between the nuclear-armed South Asian rivals. Modi's rebuttal coincides with a tougher Indian stance in trade talks with the US, though analysts say the sharper tone is unlikely to affect negotiations or long-term ties with Washington. 'By outlining the events and India's position, Prime Minister Modi was setting the record straight with President Trump,' Harsh Vardhan Shringla, former Indian foreign secretary and envoy to the US said. 'The India-US relationship is very comprehensive and will continue to grow.' Still, the underlying discontent in New Delhi over what it sees as Trump's attempts to place India and Pakistan on equal footing — and undermine its long-standing foreign policy — is far from resolved. Modi echoed that frustration in a speech at the G-7 summit on Tuesday, where he criticized inconsistent global standards on terrorism, without naming any country specifically. 'On the one hand, we are quick to impose various sanctions based on our own preferences and interests,' he said during a session held after Trump had left Canada. 'On the other hand, nations that openly support terrorism continue to be rewarded. I have some serious questions for those present in this room.' New Delhi has said it won't hold talks with Pakistan unless that country takes action to prevent terrorist attacks. The recent military conflict between the two countries was triggered by an April 22 deadly attack on mainly Indian tourists in the Indian-controlled part of Kashmir. India called it a terrorist attack and blamed Pakistan, accusations that Islamabad have denied. In contrast to India, Pakistan has credited Trump's role in helping negotiate a peace deal and is open to mediation. In an unusual move, Trump is expected to meet with Pakistan's army chief, Asim Munir, at the White House on Wednesday. Modi's remarks during the phone call may also have been intended to clear up some of the domestic confusion. 'The PM needed to clarify this because the confusion that was caused by President Trump,' said Indrani Bagchi, chief executive officer at Ananta Centre, a Delhi-based think tank. 'It was good that the prime minister made that clear to President Trump at his level.' India's opposition groups said additional measures may be needed to address the diplomatic fallout from Trump's version of the truce. Modi remained 'silent' for too long, and the US president's assertions went unchallenged, Congress spokesperson Jairam Ramesh told ANI on Wednesday. He asked the prime minister to 'say the same things that you have supposedly told President Trump on the phone' at a special session of the parliament. Trump asked Modi to visit him in the US following his trip to Canada, but 'due to prior engagements, Prime Minister Modi expressed his inability to do so,' said Misri. Modi has a scheduled stop in Croatia for a state visit before he returns to India from the G-7. Misri said Trump accepted Modi's invitation to visit India for the annual Quad meet scheduled for later in the year. (Updated with more comments and details.) Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Mark Cuban Has Done Sports, Reality TV and Now Health Care. Why Not US President? How a Tiny Middleman Could Access Two-Factor Login Codes From Tech Giants American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
