Campbell Soup (NASDAQ:CPB – Get Free Report) has earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $48.92.
A number of brokerages have issued reports on CPB. TD Cowen lifted 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. 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. Royal Bank of Canada raised their price target on Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. StockNews.com cut Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, Barclays raised their target price 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.
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Campbell Soup Stock Performance
NASDAQ CPB opened at $51.08 on Thursday. The business has a 50-day moving average price of $48.96 and a 200-day moving average price of $45.96. The firm has a market cap 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 has a twelve month low of $37.94 and a twelve month high of $52.81. The company has a quick ratio of 0.24, a current ratio of 0.61 and a debt-to-equity ratio of 1.52.
Campbell Soup (NASDAQ:CPB – Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. During the same period in the prior year, the company posted $0.50 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities research analysts predict that Campbell Soup will post 3.18 EPS for the current fiscal year.
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.
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