Shares of Campbell Soup (NYSE:CPB) have earned an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $37.10.
CPB has been the subject of several analyst reports. Zacks Investment Research restated a “buy” rating and issued a $42.00 target price on shares of Campbell Soup in a research report on Monday, December 31st. Wells Fargo & Co set a $42.00 target price on shares of Campbell Soup and gave the company a “hold” rating in a research report on Monday, November 26th. Credit Suisse Group upgraded shares of Campbell Soup to a “hold” rating and set a $36.00 target price for the company in a research report on Tuesday, November 27th. Deutsche Bank restated a “hold” rating on shares of Campbell Soup in a research report on Tuesday, November 27th. Finally, ValuEngine upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st.
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Shares of Campbell Soup stock opened at $36.01 on Friday. Campbell Soup has a twelve month low of $32.03 and a twelve month high of $44.47. The company has a quick ratio of 0.37, a current ratio of 0.70 and a debt-to-equity ratio of 6.26. The stock has a market capitalization of $10.55 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 2.36 and a beta of 0.42.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. Campbell Soup had a negative net margin of 1.68% and a positive return on equity of 55.51%. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the company earned $1.00 EPS. The business’s revenue was up 24.4% on a year-over-year basis. As a group, equities research analysts expect that Campbell Soup will post 2.48 EPS for the current fiscal year.
Several large investors have recently modified their holdings of CPB. Third Point LLC raised its position in shares of Campbell Soup by 224.3% in the 3rd quarter. Third Point LLC now owns 18,000,000 shares of the company’s stock valued at $659,340,000 after buying an additional 12,450,000 shares in the last quarter. Norges Bank bought a new stake in shares of Campbell Soup during the 4th quarter valued at approximately $67,104,000. Alps Advisors Inc. bought a new stake in shares of Campbell Soup during the 4th quarter valued at approximately $33,027,000. York Capital Management Global Advisors LLC bought a new stake in shares of Campbell Soup during the 3rd quarter valued at approximately $28,454,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Campbell Soup by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 6,723,599 shares of the company’s stock valued at $221,812,000 after purchasing an additional 446,435 shares during the last quarter. Institutional investors own 51.98% of the company’s stock.
Campbell Soup Company Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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