Campbell Soup (NASDAQ:CPB) Receives Consensus Rating of “Hold” from Brokerages

Shares of Campbell Soup (NASDAQ:CPB) have received a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $48.92.

CPB has been the topic of several analyst reports. Citigroup upped their price objective on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research report on Thursday, May 23rd. DA Davidson increased their price objective on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. 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. TD Cowen raised their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, September 12th. Finally, Barclays boosted their price objective 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.

Campbell Soup Trading Down 0.9 %

Campbell Soup stock opened at $51.08 on Thursday. Campbell Soup has a 12 month low of $37.94 and a 12 month 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’s fifty day simple moving average is $48.96 and its two-hundred day simple moving average is $45.96. The company has a market capitalization of $15.25 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $2.29 billion for 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%. Campbell Soup’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. As a group, equities analysts predict that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Mather Group LLC. purchased a new position in Campbell Soup during the first quarter valued at $28,000. Jones Financial Companies Lllp purchased a new stake in Campbell Soup in the 4th quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Campbell Soup during the 2nd quarter worth approximately $32,000. Larson Financial Group LLC lifted its holdings in 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 purchasing an additional 865 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new position in shares of Campbell Soup in the second quarter worth approximately $44,000. Hedge funds and other 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.