Campbell Soup Company Earns “A-” Credit Rating from Morningstar (CPB)
Campbell Soup Company (NYSE:CPB) has earned an “A-” credit rating from analysts at Morningstar. The agency’s “A-” rating indicates that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.
Separately, analysts at Goldman Sachs downgraded shares of Campbell Soup Company from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 15th. They now have a $39.00 price target on the stock, down previously from $41.00. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.30.
Shares of Campbell Soup Company (NYSE:CPB) opened at 44.47 on Thursday. Campbell Soup Company has a 1-year low of $38.30 and a 1-year high of $46.67. The stock has a 50-day moving average of $43.57 and a 200-day moving average of $44.51. The company has a market cap of $13.960 billion and a P/E ratio of 26.96.
Campbell Soup Company (NYSE:CPB) together with its subsidiaries, is a manufacturer and marketer of branded convenience food products.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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