Campbell Soup (NYSE:CPB) Given New $47.00 Price Target at TD Cowen

Campbell Soup (NYSE:CPB) had its price target raised by research analysts at TD Cowen from $46.00 to $47.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price target would indicate a potential downside of 6.95% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company increased their price objective on Campbell Soup from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Friday, June 7th. Sanford C. Bernstein upgraded Campbell Soup from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $42.00 to $46.00 in a research report on Wednesday, May 15th. JPMorgan Chase & Co. upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $45.00 to $52.00 in a research note on Wednesday, June 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a report on Friday, June 7th. Finally, StockNews.com lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.53.

Campbell Soup Stock Up 0.3 %

Shares of NYSE:CPB traded up $0.14 during midday trading on Wednesday, hitting $50.51. 296,990 shares of the stock were exchanged, compared to its average volume of 2,621,816. The business’s fifty day simple moving average is $46.51 and its two-hundred day simple moving average is $44.76. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.24 and a current ratio of 0.62. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $50.95. The company has a market capitalization of $15.08 billion, a PE ratio of 20.48, a P/E/G ratio of 2.90 and a beta of 0.16.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. Campbell Soup’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 EPS. As a group, research analysts predict that Campbell Soup will post 3.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CPB. Mather Group LLC. acquired a new position in Campbell Soup during the first quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Campbell Soup in the second quarter worth $32,000. Jones Financial Companies Lllp acquired a new position in shares of Campbell Soup during the 4th quarter worth about $31,000. Larson Financial Group LLC grew its holdings in shares of Campbell Soup by 3,760.9% in the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $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 in the second quarter valued at about $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

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.