Campbell Soup (NYSE:CPB) Rating Increased to Buy at StockNews.com

Campbell Soup (NYSE:CPBGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.

CPB has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft raised their target price on Campbell Soup from $45.00 to $46.00 in a research note on Tuesday, March 1st. UBS Group assumed coverage on Campbell Soup in a research note on Wednesday, March 30th. They issued a “sell” rating and a $42.00 target price for the company. Citigroup raised their target price on Campbell Soup from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, March 10th. Finally, Royal Bank of Canada lowered Campbell Soup from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $47.00 to $46.00 in a research note on Monday, March 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $44.30.

Campbell Soup stock opened at $50.55 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.85 and a quick ratio of 0.46. The stock has a fifty day moving average price of $45.49 and a two-hundred day moving average price of $43.93. Campbell Soup has a 52-week low of $39.76 and a 52-week high of $51.94. The firm has a market capitalization of $15.25 billion, a P/E ratio of 16.68, a P/E/G ratio of 11.08 and a beta of 0.40.

Campbell Soup (NYSE:CPBGet Rating) last released its quarterly earnings data on Wednesday, March 9th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Campbell Soup had a return on equity of 25.72% and a net margin of 11.09%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities research analysts predict that Campbell Soup will post 2.78 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in Campbell Soup by 8.6% during the third quarter. Bank of New York Mellon Corp now owns 3,957,379 shares of the company’s stock worth $165,457,000 after buying an additional 311,779 shares during the last quarter. American Century Companies Inc. boosted its holdings in Campbell Soup by 111.4% during the fourth quarter. American Century Companies Inc. now owns 52,226 shares of the company’s stock worth $2,270,000 after buying an additional 27,520 shares during the last quarter. Advisor Partners LLC boosted its holdings in Campbell Soup by 38.6% during the fourth quarter. Advisor Partners LLC now owns 8,232 shares of the company’s stock worth $358,000 after buying an additional 2,291 shares during the last quarter. Yousif Capital Management LLC bought a new position in shares of Campbell Soup during the 4th quarter valued at about $1,493,000. Finally, Elo Mutual Pension Insurance Co lifted its holdings in shares of Campbell Soup by 12.0% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 14,648 shares of the company’s stock valued at $637,000 after purchasing an additional 1,564 shares in the last quarter. Hedge funds and other institutional investors own 51.89% of the company’s stock.

Campbell Soup Company Profile (Get Rating)

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products 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.

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Analyst Recommendations for Campbell Soup (NYSE:CPB)

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