TD Cowen Forecasts Strong Price Appreciation for Campbell’s (NASDAQ:CPB) Stock

Campbell’s (NASDAQ:CPB) had its price target increased by equities researchers at TD Cowen from $29.00 to $31.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s target price indicates a potential downside of 8.90% from the stock’s previous close.

Several other brokerages have also commented on CPB. Citigroup decreased their price objective on Campbell’s from $33.00 to $32.00 and set a “sell” rating for the company in a report on Tuesday, June 3rd. DA Davidson decreased their price target on Campbell’s from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, June 9th. Bank of America decreased their price target on Campbell’s from $33.00 to $29.00 and set an “underperform” rating for the company in a research note on Tuesday, August 19th. Sanford C. Bernstein increased their price target on Campbell’s from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Argus cut Campbell’s from a “buy” rating to a “hold” rating in a research note on Friday, June 20th. Three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $36.06.

Campbell’s Stock Up 4.2%

Campbell’s stock opened at $34.03 on Thursday. The business has a fifty day moving average of $32.00 and a two-hundred day moving average of $35.02. The company has a quick ratio of 0.33, a current ratio of 0.77 and a debt-to-equity ratio of 1.56. The firm has a market cap of $10.15 billion, a P/E ratio of 17.02, a P/E/G ratio of 11.30 and a beta of 0.05. Campbell’s has a twelve month low of $29.39 and a twelve month high of $52.81.

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

Hedge Funds Weigh In On Campbell’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Campbell’s by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company’s stock worth $962,877,000 after acquiring an additional 494,567 shares during the last quarter. State Street Corp raised its stake in Campbell’s by 1.3% in the 2nd quarter. State Street Corp now owns 11,960,359 shares of the company’s stock worth $366,585,000 after acquiring an additional 149,679 shares during the last quarter. Invesco Ltd. raised its stake in Campbell’s by 12.9% in the 2nd quarter. Invesco Ltd. now owns 5,608,158 shares of the company’s stock worth $171,890,000 after acquiring an additional 642,490 shares during the last quarter. Geode Capital Management LLC raised its stake in Campbell’s by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,576,573 shares of the company’s stock worth $170,279,000 after acquiring an additional 121,777 shares during the last quarter. Finally, LSV Asset Management raised its stake in Campbell’s by 1.8% in the 2nd quarter. LSV Asset Management now owns 3,941,400 shares of the company’s stock worth $120,804,000 after acquiring an additional 71,200 shares during the last quarter. Hedge funds and other institutional investors 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.