Brokerages Set Campbell Soup (NASDAQ:CPB) Target Price at $48.18

Campbell Soup (NASDAQ:CPB) has been given an average rating of “Hold” by the twelve research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $48.92.

Several brokerages recently commented on CPB. TD Cowen boosted their price target on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. upped their price target on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. DA Davidson raised their price objective on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. StockNews.com cut Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th.

Institutional Trading of Campbell Soup

Institutional investors have recently modified their holdings of the company. Mather Group LLC. acquired a new stake in Campbell Soup during the first quarter valued at approximately $28,000. Jones Financial Companies Lllp acquired a new stake in Campbell Soup in the 4th quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Campbell Soup in the second quarter valued at $32,000. Larson Financial Group LLC lifted its holdings in shares of Campbell Soup by 3,760.9% during the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after acquiring an additional 865 shares during the period. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Campbell Soup in the 2nd quarter valued at $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Trading Up 0.9 %

Shares of NASDAQ CPB opened at $51.56 on Thursday. The firm has a market capitalization of $15.39 billion, a PE ratio of 20.87, a PEG ratio of 3.09 and a beta of 0.18. Campbell Soup has a one year low of $37.94 and a one year high of $52.81. The company has a current ratio of 0.61, a quick ratio of 0.24 and a debt-to-equity ratio of 1.52. The business has a 50-day moving average price of $48.73 and a two-hundred day moving average price of $45.87.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data 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. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, analysts predict that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Campbell Soup Company Profile

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.