Piper Jaffray Companies Analysts Give Campbell Soup Company (CPB) a $50.00 Price Target
Campbell Soup Company (NYSE:CPB) has been given a $50.00 target price by equities researchers at Piper Jaffray Companies in a research report issued to clients and investors on Wednesday. The firm presently has a “hold” rating on the stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 8.72% from the company’s current price.
A number of other analysts have also weighed in on CPB. Credit Suisse Group set a $47.00 price objective on Campbell Soup and gave the stock a “sell” rating in a research report on Sunday, July 23rd. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $55.00 price objective (down previously from $60.00) on shares of Campbell Soup in a research report on Wednesday, June 28th. Barclays PLC reaffirmed a “sell” rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Royal Bank Of Canada set a $60.00 price objective on Campbell Soup and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Finally, BidaskClub lowered Campbell Soup from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.00.
Shares of Campbell Soup (CPB) traded up 1.32% on Wednesday, hitting $45.99. The stock had a trading volume of 1,905,414 shares. Campbell Soup has a 12-month low of $45.00 and a 12-month high of $64.23. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 15.91 and a beta of 0.36. The stock has a 50 day moving average of $47.40 and a 200 day moving average of $53.30.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Thursday, August 31st. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the company posted $0.46 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. Equities analysts predict that Campbell Soup will post $3.05 earnings per share for the current fiscal year.
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In related news, Director Charles R. Perrin sold 2,304 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Luca Mignini bought 4,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was acquired at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the acquisition, the insider now directly owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The disclosure for this purchase can be found here. Corporate insiders own 37.30% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its holdings in shares of Campbell Soup by 8.3% during the first quarter. Envestnet Asset Management Inc. now owns 7,278 shares of the company’s stock worth $416,000 after purchasing an additional 556 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Campbell Soup by 86.3% during the first quarter. Stifel Financial Corp now owns 18,323 shares of the company’s stock worth $1,052,000 after purchasing an additional 8,490 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Campbell Soup by 7.0% during the first quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock worth $179,000 after purchasing an additional 204 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Campbell Soup by 9.3% during the first quarter. OppenheimerFunds Inc. now owns 17,578 shares of the company’s stock worth $1,006,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Campbell Soup by 51.0% during the first quarter. Teachers Advisors LLC now owns 437,838 shares of the company’s stock worth $25,062,000 after purchasing an additional 147,875 shares during the last quarter. 44.67% of the stock is currently owned by hedge funds and other institutional investors.
Campbell Soup Company Profile
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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