Campbell Soup Rating Increased to Buy at McLean Capital Management (CPB)
Campbell Soup (NYSE:CPB) was upgraded by equities research analysts at McLean Capital Management from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Stock Ratings Network reports.
CPB has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “underperform” rating on shares of Campbell Soup in a research note on Friday, December 27th. They now have a $39.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Campbell Soup in a research note on Tuesday, December 3rd. They now have a $40.00 price target on the stock, down previously from $45.00. Finally, analysts at RBC Capital initiated coverage on shares of Campbell Soup in a research note on Tuesday, November 26th. They set a “sector perform” rating and a $41.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.00.
Campbell Soup (NYSE:CPB) traded up 0.66% during mid-day trading on Friday, hitting $43.98. The stock had a trading volume of 4,120,459 shares. Campbell Soup has a 52-week low of $38.30 and a 52-week high of $48.83. The stock has a 50-day moving average of $41.80 and a 200-day moving average of $42.26. The company has a market cap of $13.810 billion and a P/E ratio of 26.71.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.01. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the company posted $0.70 earnings per share. Campbell Soup’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Campbell Soup will post $2.53 earnings per share for the current fiscal year.
Campbell Soup Company (NYSE:CPB), together with its subsidiaries, is a manufacturer and marketer of branded convenience food products.
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