Piper Sandler Lowers CPB (NYSE:CPF) Price Target to $37.00

CPB (NYSE:CPF) had its target price lowered by analysts at Piper Sandler from $39.00 to $37.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s target price would indicate a potential upside of 15.21% from the stock’s previous close.

A number of other research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of CPB from $34.00 to $36.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of CPB in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.50.

CPB Stock Up 0.0%

Shares of CPB stock opened at $32.12 on Thursday. The firm has a market cap of $849.02 million, a PE ratio of 11.23 and a beta of 0.88. The business’s 50 day simple moving average is $32.41 and its 200 day simple moving average is $31.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. CPB has a 52-week low of $23.16 and a 52-week high of $35.01.

CPB (NYSE:CPF) last released its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.12. The firm had revenue of $76.29 million during the quarter, compared to the consensus estimate of $75.43 million. CPB had a return on equity of 13.64% and a net margin of 21.17%. On average, analysts predict that CPB will post 2.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CPF. HoldCo Asset Management LP grew its stake in shares of CPB by 6.4% in the fourth quarter. HoldCo Asset Management LP now owns 2,427,576 shares of the financial services provider’s stock worth $75,643,000 after purchasing an additional 146,547 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of CPB by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,079,266 shares of the financial services provider’s stock valued at $64,790,000 after purchasing an additional 24,933 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in CPB by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,046,284 shares of the financial services provider’s stock worth $32,602,000 after purchasing an additional 12,206 shares during the period. Basswood Capital Management L.L.C. grew its stake in CPB by 11.0% during the second quarter. Basswood Capital Management L.L.C. now owns 885,753 shares of the financial services provider’s stock worth $24,828,000 after purchasing an additional 88,028 shares during the period. Finally, American Century Companies Inc. increased its holdings in CPB by 7.8% in the third quarter. American Century Companies Inc. now owns 803,750 shares of the financial services provider’s stock worth $24,386,000 after purchasing an additional 58,207 shares in the last quarter. Institutional investors own 88.42% of the company’s stock.

CPB Company Profile

Charoen Pokphand Foods Public Company Limited (NYSE: CPF) is a Thailand‐based integrated agro‐industrial and food conglomerate. Headquartered in Bangkok, the company is a subsidiary of the Charoen Pokphand Group and has grown into one of the world’s leading producers of livestock feed, meat and seafood products. CPF’s businesses span animal feed milling, animal breeding and hatchery operations, meat and seafood processing, and the distribution of fresh, frozen and value‐added food products.

CPF’s product portfolio includes poultry, swine and aquaculture feed; fresh and frozen chicken and pork; shrimp and other seafood; as well as ready‐to‐eat and ready‐to‐cook food items.