Royal Bank of Canada Reaffirms “Sector Perform” Rating for Campbell Soup (NASDAQ:CPB)

Campbell Soup (NASDAQ:CPB)‘s stock had its “sector perform” rating restated by analysts at Royal Bank of Canada in a research note issued to investors on Monday,Benzinga reports. They presently have a $51.00 target price on the stock. Royal Bank of Canada’s price target indicates a potential upside of 12.01% from the stock’s current price.

CPB has been the topic of a number of other research reports. Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, September 20th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 target price on shares of Campbell Soup in a research report on Tuesday, August 27th. Wells Fargo & Company upped their target price on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. DA Davidson lowered shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Campbell Soup has a consensus rating of “Hold” and a consensus target price of $51.58.

Campbell Soup Price Performance

Shares of NASDAQ CPB opened at $45.53 on Monday. Campbell Soup has a one year low of $40.18 and a one year high of $52.81. 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 firm has a fifty day moving average of $46.63 and a 200 day moving average of $47.03. The firm has a market cap of $13.55 billion, a PE ratio of 24.09, a PEG ratio of 2.66 and a beta of 0.18.

Hedge Funds Weigh In On Campbell Soup

Several hedge funds and other institutional investors have recently modified their holdings of CPB. LSV Asset Management raised its position in shares of Campbell Soup by 5,022.5% during the second quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock worth $110,187,000 after acquiring an additional 2,390,700 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Campbell Soup by 1,593.8% during the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after acquiring an additional 1,792,005 shares during the last quarter. Wulff Hansen & CO. raised its position in shares of Campbell Soup by 4,419.0% during the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock worth $33,103,000 after acquiring an additional 716,320 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Campbell Soup by 88.2% during the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after acquiring an additional 558,944 shares during the last quarter. Finally, Armistice Capital LLC raised its position in shares of Campbell Soup by 94.0% during the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock worth $48,259,000 after acquiring an additional 517,550 shares during the last quarter. Institutional investors 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.