Campbell Soup (NASDAQ:CPB) Earns “Sector Perform” Rating from Royal Bank of Canada

Campbell Soup (NASDAQ:CPB)‘s stock had its “sector perform” rating restated by research analysts at Royal Bank of Canada in a research note issued on Monday,Benzinga reports. They currently have a $51.00 target price on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 10.39% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Barclays raised their price target on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Thursday, September 12th. Wells Fargo & Company upped their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their target price on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. DA Davidson cut shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research report on Friday, September 27th. Finally, Sanford C. Bernstein raised Campbell Soup from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $55.00 to $58.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Campbell Soup has a consensus rating of “Hold” and a consensus target price of $51.58.

Campbell Soup Stock Performance

NASDAQ:CPB traded up $0.13 during trading hours on Monday, hitting $46.20. 1,066,972 shares of the company were exchanged, compared to its average volume of 2,517,052. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. Campbell Soup has a 52-week low of $39.65 and a 52-week high of $52.81. The company’s 50 day moving average price is $46.80 and its 200-day moving average price is $47.04. The stock has a market capitalization of $13.75 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 2.66 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The company 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 quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. As a group, research analysts forecast that Campbell Soup will post 3.2 earnings per share for the current year.

Institutional Investors Weigh In On Campbell Soup

Several institutional investors and hedge funds have recently made changes to their positions in CPB. Point72 Asia Singapore Pte. Ltd. bought a new position in Campbell Soup during the 2nd quarter valued at $32,000. nVerses Capital LLC acquired a new position in Campbell Soup during the third quarter valued at $34,000. Ashton Thomas Securities LLC acquired a new stake in shares of Campbell Soup during the third quarter worth approximately $39,000. TruNorth Capital Management LLC purchased a new position in Campbell Soup in the second quarter valued at about $44,000. Finally, Rothschild Investment LLC bought a new stake in shares of Campbell Soup during the 2nd quarter worth about $44,000. 52.35% of the stock is owned by institutional investors and hedge funds.

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.