Campbell Soup (NYSE:CPB) PT Raised to $47.00

Campbell Soup (NYSE:CPB – Get Free Report) upped their target price on TD Cowen from $46.00 to $47.00 in a report on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s target price would indicate a potential downside of 7.11% from the stock’s previous close.

Other equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $45.00 to $52.00 in a research note on Wednesday, June 26th. DA Davidson boosted their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Friday, June 7th. Wells Fargo & Company upped their target price on shares of Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Friday, June 7th. Finally, Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $42.00 to $46.00 in -a report from Wednesday, May 15. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.08, according to MarketBeat.com.

Get the latest research report on Campbell Soup

Campbell Soup Stock Performance

Campbell Soup stock opened at $50.60 on Wednesday. The stock has a 50-day simple moving average of $46.81 and a 200-day simple moving average of $44.84. The stock has a market cap of $15.11 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.90 and a beta of 0.16. The company has a quick ratio of 0.24, a current ratio of 0.62, and a debt-to-equity ratio of 1.47. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $50.95.

Campbell Soup (NYSE:CPB – Get Your Free Report ) last announced its earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The company’s revenue increased by 6.3% year-on-year. In the same period last year, the firm posted earnings of $0.68 per share. On average, research analysts anticipate that Campbell Soup will post 3.08 earnings per share for the current fiscal year.

Institutional investors are getting into Campbell’s soup

Several large investors have recently modified their holdings of CPB. Mather Group LLC. bought a new position in shares of Campbell Soup in the first quarter valued at about $28,000. Jones Financial Companies Lllp purchased a new position in shares of Campbell Soup in the fourth quarter valued at approximately $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Campbell Soup in the second quarter valued at approximately $32,000. Larson Financial Group LLC raised its position in shares of 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 acquiring an additional 865 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in shares of Campbell Soup by 79.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock worth $44,000 after acquiring an additional 449 shares during the period. 52.35% of shares are currently owned by institutional investors.

Campbell Soup Company Profile

(Get a free report)

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

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