Campbell Soup (NYSE:CPB)‘s stock had its “underperform” rating restated by equities research analysts at Bank of America in a research note issued to investors on Friday, Briefing.com Automated Import reports. They currently have a $32.00 price objective on the stock. Bank of America‘s price target suggests a potential downside of 24.28% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on CPB. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a report on Friday, June 7th. Evercore ISI initiated coverage on shares of Campbell Soup in a report on Tuesday. They issued an “in-line” rating and a $43.00 target price on the stock. Credit Suisse Group increased their price target on shares of Campbell Soup from $30.00 to $36.00 and gave the company an “underperform” rating in a report on Thursday, June 6th. UBS Group set a $36.00 price target on shares of Campbell Soup and gave the company a “sell” rating in a report on Thursday, June 6th. Finally, Wells Fargo & Co increased their price target on shares of Campbell Soup from $38.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, June 6th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $40.50.
Shares of CPB stock opened at $42.26 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.36 and a debt-to-equity ratio of 6.07. The stock has a market capitalization of $12.84 billion, a PE ratio of 17.99, a PEG ratio of 3.35 and a beta of 0.46. Campbell Soup has a 52-week low of $32.03 and a 52-week high of $43.98.
Campbell Soup (NYSE:CPB) last issued its earnings results on Wednesday, June 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.09. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Campbell Soup had a net margin of 3.19% and a return on equity of 54.23%. Campbell Soup’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 EPS. As a group, equities analysts forecast that Campbell Soup will post 2.55 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. JOYN Advisors Inc. raised its holdings in Campbell Soup by 99.5% in the 4th quarter. JOYN Advisors Inc. now owns 766 shares of the company’s stock valued at $25,000 after acquiring an additional 382 shares during the period. Roble Belko & Company Inc bought a new position in Campbell Soup in the 1st quarter valued at about $27,000. Bronfman E.L. Rothschild L.P. raised its holdings in Campbell Soup by 71.6% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 894 shares of the company’s stock valued at $29,000 after acquiring an additional 373 shares during the period. Creative Financial Designs Inc. ADV bought a new position in Campbell Soup in the 1st quarter valued at about $31,000. Finally, CWM LLC raised its holdings in Campbell Soup by 319.5% in the 1st quarter. CWM LLC now owns 839 shares of the company’s stock valued at $32,000 after acquiring an additional 639 shares during the period. 52.08% of the stock is currently owned by hedge funds and other institutional investors.
Campbell Soup Company Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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