3 days Ago By ABMN Staff
Campbell Soup ( NASDAQ:CPB – Free Report ) had its price objective raised by Barclays from $45.00 to $49.00 in a research note issued to investors on Thursday morning, Benzinga reports.
The brokerage currently has an underweight rating on the stock. A number of other research analysts have also issued reports on the stock. Royal Bank of Canada reiterated a sector perform rating and set a $47.
00 price target on shares of Campbell Soup in a research note on Tuesday, August 27th. Citigroup boosted their target price on Campbell Soup from $41.00 to $42.
00 and gave the stock a sell rating in a research report on Thursday, May 23rd. DA Davidson raised their price target on Campbell Soup from $47.00 to $49.
00 and gave the company a buy rating in a report on Monday, June 10th. StockNews.com lowered Campbell Soup from a hold rating to a sell rating in a report on Wednesday, September 11th.
Finally, Stifel Nicolaus reissued a hold rating and issued a $45.00 target price on shares of Campbell Soup in a report on Tuesday, August 27th. 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.
Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $48.92.
Get Our Latest Research Report on CPB Campbell Soup Stock Performance Campbell Soup ( NASDAQ:CPB – Get Free Report ) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.
62 by $0.01. The firm had revenue of $2.
29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a return on equity of 24.
08% and a net margin of 5.88%. The company’s revenue for the quarter was up 10.
9% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share.
As a group, equities research analysts forecast that Campbell Soup will post 3.18 EPS for the current year. Institutional Trading of Campbell Soup Institutional investors and hedge funds have recently modified their holdings of the business.
Brandes Investment Partners LP boosted its stake in shares of Campbell Soup by 38.8% during the 2nd quarter. Brandes Investment Partners LP now owns 12,695 shares of the company’s stock worth $574,000 after purchasing an additional 3,550 shares during the last quarter.
B. Riley Wealth Advisors Inc. acquired a new stake in Campbell Soup during the second quarter worth approximately $760,000.
William B. Walkup & Associates Inc. purchased a new stake in Campbell Soup in the 2nd quarter worth approximately $144,000.
Northwestern Mutual Wealth Management Co. raised its holdings in Campbell Soup by 18.4% in the 2nd quarter.
Northwestern Mutual Wealth Management Co. now owns 13,843 shares of the company’s stock valued at $626,000 after acquiring an additional 2,152 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of Campbell Soup by 2.
4% during the 2nd quarter. Creative Planning now owns 112,956 shares of the company’s stock worth $5,104,000 after purchasing an additional 2,661 shares during the period. Hedge funds and other institutional investors own 52.
35% of the company’s stock. Campbell Soup Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter .
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