Campbell Soup (NASDAQ:CPB) Given Average Rating of “Hold” by Analysts

Shares of Campbell Soup (NASDAQ:CPB) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $48.92.

A number of research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research report on Thursday, May 23rd. Wells Fargo & Company lifted their target price on Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. DA Davidson increased their price target on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. 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. Finally, StockNews.com lowered Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in shares of Campbell Soup during the first quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Campbell Soup during the second quarter valued at about $32,000. Jones Financial Companies Lllp purchased a new position in shares of Campbell Soup in the fourth quarter worth approximately $31,000. Larson Financial Group LLC increased its position in shares of Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after acquiring an additional 865 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Campbell Soup during the second quarter valued at approximately $44,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $51.56 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.24 and a current ratio of 0.61. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $52.81. The firm’s 50-day simple moving average is $48.73 and its 200-day simple moving average is $45.87. The firm has a market cap of $15.39 billion, a PE ratio of 20.87, 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 earnings per share (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 firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Campbell Soup’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts forecast that Campbell Soup will post 3.18 earnings per share 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.