Campbell Soup (NASDAQ:CPB – Get Free Report) was downgraded by stock analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They currently have a $51.00 price target on the stock. DA Davidson’s target price points to a potential upside of 3.32% from the company’s current price.
Several other equities analysts also recently commented on CPB. JPMorgan Chase & Co. upped their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company lifted their price target on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Finally, Royal Bank of Canada raised their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.85.
Check Out Our Latest Research Report on CPB
Campbell Soup Trading Down 0.1 %
Campbell Soup (NASDAQ:CPB – Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 earnings per share. On average, equities research analysts anticipate that Campbell Soup will post 3.18 EPS for the current fiscal year.
Institutional Investors Weigh In On Campbell Soup
Several large investors have recently modified their holdings of the company. Mather Group LLC. acquired a new stake in Campbell Soup during the 1st quarter worth about $28,000. Jones Financial Companies Lllp acquired a new stake in Campbell Soup during the fourth quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Campbell Soup in the second quarter valued at approximately $32,000. Larson Financial Group LLC boosted its holdings in shares of Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after buying an additional 865 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Campbell Soup during the 2nd quarter worth approximately $44,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More
- Five stocks we like better than Campbell Soup
- The How And Why of Investing in Oil Stocks
- CarMax’s Impressive Rally: What Investors Should Watch Next
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- MarketBeat Week in Review – 9/23 – 9/27
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.