Campbell Soup’s (CPB) Sector Perform Rating Reiterated at Royal Bank of Canada

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

CPB has been the topic of a number of other reports. JPMorgan Chase & Co. raised their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. Barclays lifted their price objective on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Thursday, September 12th. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Finally, Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and a consensus target price of $51.58.

Campbell Soup Stock Up 0.3 %

CPB traded up $0.13 during trading on Monday, reaching $46.20. 1,066,972 shares of the stock were exchanged, compared to its average volume of 2,517,052. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. The stock’s 50 day moving average price is $46.80 and its two-hundred day moving average price is $47.04. The stock has a market cap of $13.75 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 2.66 and a beta of 0.19. Campbell Soup has a twelve month low of $39.65 and a twelve month high of $52.81.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. Equities analysts expect that Campbell Soup will post 3.2 EPS for the current year.

Institutional Investors Weigh In On Campbell Soup

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

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.