Barclays Increases Campbell Soup (NASDAQ:CPB) Price Target to $49.00

Campbell Soup (NASDAQ:CPB) had its price target lifted by research analysts at Barclays from $45.00 to $49.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price target would suggest a potential downside of 4.09% from the stock’s current price.

CPB has been the topic of a number of other research reports. Sanford C. Bernstein upgraded shares of Campbell Soup from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $42.00 to $46.00 in a research note on Wednesday, May 15th. DA Davidson lifted their price objective on shares of Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. 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 raised their price target on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, TD Cowen raised their price target on shares of Campbell Soup from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Campbell Soup has an average rating of “Hold” and an average price target of $48.92.

Campbell Soup Trading Up 2.6 %

NASDAQ CPB opened at $51.09 on Thursday. Campbell Soup has a one year low of $37.94 and a one year high of $52.81. The company’s 50 day moving average price is $48.48 and its 200 day moving average price is $45.69. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.24 and a current ratio of 0.61. The firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 3.09 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. On average, sell-side analysts predict that Campbell Soup will post 3.18 EPS for the current year.

Hedge Funds Weigh In On Campbell Soup

A number of hedge funds have recently added to or reduced their stakes in CPB. M&G Plc acquired a new position in shares of Campbell Soup during the second quarter valued at $469,000. Lingohr Asset Management GmbH acquired a new position in shares of Campbell Soup during the fourth quarter valued at $627,000. First Trust Advisors LP boosted its holdings in shares of Campbell Soup by 6.5% during the fourth quarter. First Trust Advisors LP now owns 661,401 shares of the company’s stock valued at $28,592,000 after acquiring an additional 40,504 shares during the period. Stephens Inc. AR acquired a new position in shares of Campbell Soup during the fourth quarter valued at $1,211,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Campbell Soup during the fourth quarter valued at $1,045,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

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.