Campbell Soup (NASDAQ:CPB) Rating Increased to Hold at StockNews.com

Campbell Soup (NASDAQ:CPB) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Several other brokerages also recently issued reports on CPB. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. Sanford C. Bernstein upgraded Campbell Soup from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $42.00 to $46.00 in a research report on Wednesday, May 15th. Citigroup lifted their target price on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research report on Thursday, May 23rd. TD Cowen lifted their target price on Campbell Soup from $46.00 to $47.00 and gave the company a “hold” rating in a research report on Wednesday, August 21st. Finally, DA Davidson lifted their price target on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $47.55.

Campbell Soup Price Performance

NASDAQ CPB opened at $51.89 on Thursday. The business has a 50 day simple moving average of $48.06 and a 200 day simple moving average of $45.47. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $52.33. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.24 and a current ratio of 0.61. The stock has a market cap of $15.49 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 3.26 and a beta of 0.16.

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

Institutional Investors Weigh In On Campbell Soup

Several hedge funds and other institutional investors have recently modified their holdings of CPB. Mather Group LLC. purchased a new position in Campbell Soup in the first quarter worth $28,000. Jones Financial Companies Lllp purchased a new position in Campbell Soup in the fourth quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Campbell Soup in the second quarter worth $32,000. Larson Financial Group LLC boosted its position in Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after purchasing an additional 865 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new position in Campbell Soup in the second quarter worth $44,000. Institutional investors own 52.35% of the company’s stock.

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.