Campbell Soup (NASDAQ:CPB) Downgraded by DA Davidson

Campbell Soup (NASDAQ:CPB) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They presently have a $51.00 price target on the stock. DA Davidson’s target price would indicate a potential upside of 3.20% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. JPMorgan Chase & Co. upped their price objective on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Royal Bank of Canada lifted their price objective on Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Barclays lifted their price objective on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Campbell Soup currently has a consensus rating of “Hold” and an average price target of $49.85.

Campbell Soup Trading Down 0.1 %

Shares of CPB stock opened at $49.42 on Friday. The stock has a market cap of $14.75 billion, a P/E ratio of 20.01, a P/E/G ratio of 3.02 and a beta of 0.18. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.81. The business has a fifty day simple moving average of $49.42 and a 200-day simple moving average of $46.25.

Campbell Soup (NASDAQ:CPB) last posted its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $0.50 EPS. On average, analysts forecast that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mather Group LLC. purchased a new position in Campbell Soup in the first quarter valued at about $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Campbell Soup in the fourth quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Campbell Soup in the second quarter valued at about $32,000. Larson Financial Group LLC raised its holdings in shares of Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after buying an additional 865 shares during the period. Finally, TruNorth Capital Management LLC acquired a new position in Campbell Soup during the 2nd quarter worth approximately $44,000. 52.35% of the stock is owned by institutional investors and hedge funds.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.