Campbell’s (NASDAQ:CPB) Stock Price Expected to Rise, Bank of America Analyst Says

Campbell’s (NASDAQ:CPB) had its price objective boosted by research analysts at Bank of America from $29.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Bank of America‘s price target suggests a potential downside of 11.84% from the company’s current price.

A number of other analysts have also issued reports on CPB. JPMorgan Chase & Co. started coverage on Campbell’s in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $33.00 target price on the stock. Sanford C. Bernstein boosted their target price on Campbell’s from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday. Argus lowered Campbell’s from a “buy” rating to a “hold” rating in a research report on Friday, June 20th. Wells Fargo & Company cut their target price on Campbell’s from $34.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 9th. Finally, Citigroup cut their target price on Campbell’s from $33.00 to $32.00 and set a “sell” rating on the stock in a research report on Tuesday, June 3rd. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $36.06.

Campbell’s Stock Up 4.2%

CPB stock opened at $34.03 on Thursday. The firm has a market cap of $10.15 billion, a PE ratio of 17.02, a PEG ratio of 11.30 and a beta of 0.05. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.33 and a current ratio of 0.77. The firm’s 50 day moving average price is $32.00 and its 200-day moving average price is $35.02. Campbell’s has a one year low of $29.39 and a one year high of $52.81.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. Campbell’s had a net margin of 5.87% and a return on equity of 22.95%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.08 EPS. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. On average, equities research analysts anticipate that Campbell’s will post 3.15 EPS for the current year.

Hedge Funds Weigh In On Campbell’s

Several institutional investors have recently modified their holdings of CPB. Nuveen LLC acquired a new position in shares of Campbell’s in the first quarter worth $65,588,000. Two Sigma Advisers LP grew its stake in shares of Campbell’s by 272.7% in the fourth quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company’s stock worth $93,949,000 after acquiring an additional 1,641,400 shares in the last quarter. Norges Bank acquired a new position in shares of Campbell’s in the second quarter worth $40,967,000. Man Group plc grew its stake in shares of Campbell’s by 1,296.1% in the fourth quarter. Man Group plc now owns 1,407,161 shares of the company’s stock worth $58,932,000 after acquiring an additional 1,306,372 shares in the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in shares of Campbell’s in the fourth quarter worth $48,468,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

About Campbell’s

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.