Campbell’s (NASDAQ:CPB) Given New $32.00 Price Target at Morgan Stanley

Campbell’s (NASDAQ:CPB) had its price target cut by Morgan Stanley from $35.00 to $32.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also issued research reports about the company. Bank of America decreased their price target on Campbell’s from $37.00 to $33.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 3rd. Wells Fargo & Company reduced their target price on Campbell’s from $34.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 9th. UBS Group initiated coverage on Campbell’s in a research note on Wednesday, April 23rd. They issued a “sell” rating and a $36.00 target price on the stock. Evercore ISI reduced their target price on Campbell’s from $46.00 to $41.00 and set an “in-line” rating on the stock in a research note on Thursday, May 29th. Finally, Jefferies Financial Group reduced their target price on Campbell’s from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, May 21st. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Campbell’s presently has an average rating of “Hold” and an average target price of $38.89.

Campbell’s Price Performance

Shares of NASDAQ:CPB opened at $32.34 on Monday. The business’s 50 day simple moving average is $31.91 and its 200-day simple moving average is $35.51. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 10.25 and a beta of 0.08. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33. Campbell’s has a 12 month low of $29.39 and a 12 month high of $52.81.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell’s had a return on equity of 23.22% and a net margin of 4.44%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 EPS. As a group, equities analysts forecast that Campbell’s will post 3.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Manchester Capital Management LLC increased its holdings in shares of Campbell’s by 923.2% during the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company’s stock worth $28,000 after buying an additional 637 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Campbell’s during the 1st quarter worth $31,000. Ameritas Advisory Services LLC acquired a new stake in shares of Campbell’s during the 2nd quarter worth $25,000. ORG Partners LLC increased its holdings in shares of Campbell’s by 77.3% during the 2nd quarter. ORG Partners LLC now owns 906 shares of the company’s stock worth $29,000 after buying an additional 395 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Campbell’s by 66.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 961 shares of the company’s stock worth $29,000 after buying an additional 385 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Company Profile

The Campbell’s Company, formerly known as 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.