Campbell Soup (NASDAQ:CPB) Price Target Increased to $51.00 by Analysts at Royal Bank of Canada

Campbell Soup (NASDAQ:CPB) had its target price boosted by Royal Bank of Canada from $47.00 to $51.00 in a research note issued to investors on Friday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.

CPB has been the subject of several other reports. Citigroup lifted their price objective on Campbell Soup from $41.00 to $42.00 and gave the stock a sell rating in a research report on Thursday, May 23rd. Barclays raised their price objective on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an underweight rating in a research report on Thursday. Stifel Nicolaus reiterated a hold rating and set a $45.00 target price on shares of Campbell Soup in a research report on Tuesday, August 27th. DA Davidson upped their price objective on shares of Campbell Soup from $47.00 to $49.00 and gave the company a buy rating in a report on Monday, June 10th. Finally, JPMorgan Chase & Co. upped their price target on Campbell Soup from $55.00 to $57.00 and gave the stock an overweight rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Campbell Soup presently has an average rating of Hold and a consensus target price of $48.92.

Campbell Soup Stock Up 2.6 %

NASDAQ:CPB opened at $51.09 on Friday. Campbell Soup has a one year low of $37.94 and a one year high of $52.81. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24. The company has a market cap of $15.25 billion, a PE ratio of 20.68, a P/E/G ratio of 3.09 and a beta of 0.18. The firm’s 50 day simple moving average is $48.48 and its 200 day simple moving average is $45.69.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. Campbell Soup’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. On average, research analysts anticipate that Campbell Soup will post 3.18 earnings per share for the current year.

Institutional Investors Weigh In On Campbell Soup

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in shares of Campbell Soup in the first quarter worth about $28,000. Jones Financial Companies Lllp purchased a new position in Campbell Soup in the 4th quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Campbell Soup in the second quarter valued at $32,000. Larson Financial Group LLC raised its position in Campbell Soup by 3,760.9% during the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after purchasing an additional 865 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in Campbell Soup in the 2nd quarter worth approximately $44,000. 52.35% of the stock is currently owned by institutional investors.

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.