Campbell Soup (NASDAQ:CPB) Rating Lowered to Sell at StockNews.com

Campbell Soup (NASDAQ:CPB) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other analysts have also recently issued reports on the company. DA Davidson increased their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th. TD Cowen raised their price objective on shares of Campbell Soup from $46.00 to $47.00 and gave the company a “hold” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $45.00 to $52.00 in a report on Wednesday, June 26th. Citigroup raised their price target on shares of Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a report on Thursday, May 23rd. Finally, Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th. Three investment 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’s stock. According to data from MarketBeat, Campbell Soup currently has a consensus rating of “Hold” and an average price target of $48.58.

Campbell Soup Stock Up 1.3 %

CPB opened at $49.78 on Wednesday. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $52.81. The company’s 50-day moving average price is $48.39 and its two-hundred day moving average price is $45.66. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 3.26 and a beta of 0.18. The company has a quick ratio of 0.24, a current ratio of 0.61 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB) last issued its earnings results 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. The firm had revenue of $2.29 billion for 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%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. As a group, equities analysts expect that Campbell Soup will post 3.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CPB. Mather Group LLC. bought a new stake in shares of Campbell Soup during the 1st quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Campbell Soup during the 2nd quarter valued at approximately $32,000. Jones Financial Companies Lllp purchased a new position in shares of Campbell Soup during the 4th quarter worth approximately $31,000. Larson Financial Group LLC raised its position 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 worth $39,000 after acquiring an additional 865 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new position in shares of Campbell Soup in the 2nd quarter worth approximately $44,000. 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.