CPB (NYSE:CPF) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

CPB (NYSE:CPF) had its target price lifted by investment analysts at Keefe, Bruyette & Woods from $34.00 to $36.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 6.60% from the stock’s current price.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CPB in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.50.

CPB Trading Up 2.4%

NYSE CPF opened at $33.77 on Monday. CPB has a 12 month low of $23.16 and a 12 month high of $34.67. The stock has a 50-day simple moving average of $31.73 and a 200 day simple moving average of $30.17. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $906.05 million, a PE ratio of 11.81 and a beta of 0.96.

CPB (NYSE:CPF) last posted its earnings results on Wednesday, January 28th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.12. The company had revenue of $76.29 million during the quarter, compared to analyst estimates of $75.43 million. CPB had a return on equity of 13.64% and a net margin of 21.17%. Research analysts forecast that CPB will post 2.75 EPS for the current year.

Institutional Investors Weigh In On CPB

Several large investors have recently made changes to their positions in the stock. First Citizens Bank & Trust Co. acquired a new position in CPB during the 2nd quarter worth approximately $518,000. Allspring Global Investments Holdings LLC bought a new stake in shares of CPB in the second quarter worth $277,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of CPB by 11.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,547 shares of the financial services provider’s stock worth $688,000 after purchasing an additional 2,491 shares in the last quarter. HoldCo Asset Management LP acquired a new position in CPB during the second quarter worth $30,767,000. Finally, Thrivent Financial for Lutherans grew its position in CPB by 335.2% in the second quarter. Thrivent Financial for Lutherans now owns 86,523 shares of the financial services provider’s stock valued at $2,426,000 after purchasing an additional 66,642 shares in the last quarter. Institutional investors own 88.42% of the company’s stock.

About CPB

Charoen Pokphand Foods Public Company Limited (NYSE: CPF) is a Thailand‐based integrated agro‐industrial and food conglomerate. Headquartered in Bangkok, the company is a subsidiary of the Charoen Pokphand Group and has grown into one of the world’s leading producers of livestock feed, meat and seafood products. CPF’s businesses span animal feed milling, animal breeding and hatchery operations, meat and seafood processing, and the distribution of fresh, frozen and value‐added food products.

CPF’s product portfolio includes poultry, swine and aquaculture feed; fresh and frozen chicken and pork; shrimp and other seafood; as well as ready‐to‐eat and ready‐to‐cook food items.