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Barclays Cuts Campbell Soup (NASDAQ:CPB) Price Target to $46.00

Campbell Soup logo with Consumer Staples background

Campbell Soup (NASDAQ:CPB - Get Free Report) had its price target reduced by equities researchers at Barclays from $49.00 to $46.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. Barclays's target price would suggest a potential upside of 7.65% from the company's current price.

A number of other research analysts have also commented on the company. Sanford C. Bernstein upgraded Campbell Soup from a "market perform" rating to an "outperform" rating and upped their target price for the company from $55.00 to $58.00 in a research note on Monday, October 7th. Piper Sandler upgraded Campbell Soup from a "neutral" rating to an "overweight" rating and upped their price target for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $51.00 price target on shares of Campbell Soup in a research report on Monday, December 2nd. Citigroup lowered their price target on Campbell Soup from $44.00 to $41.00 and set a "sell" rating on the stock in a research report on Thursday. Finally, TD Cowen upped their price target on Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Campbell Soup presently has a consensus rating of "Hold" and an average target price of $50.92.

Check Out Our Latest Stock Analysis on Campbell Soup

Campbell Soup Stock Performance

Shares of CPB stock traded up $0.10 during trading hours on Friday, reaching $42.73. 2,732,534 shares of the company's stock were exchanged, compared to its average volume of 2,555,285. Campbell Soup has a fifty-two week low of $40.26 and a fifty-two week high of $52.81. The stock has a market capitalization of $12.72 billion, a P/E ratio of 23.35, a P/E/G ratio of 2.45 and a beta of 0.18. The business has a fifty day moving average price of $46.22 and a 200-day moving average price of $46.95. The company has a quick ratio of 0.22, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Institutional Investors Weigh In On Campbell Soup

A number of hedge funds have recently modified their holdings of CPB. LSV Asset Management raised its position in shares of Campbell Soup by 5,022.5% during the second quarter. LSV Asset Management now owns 2,438,300 shares of the company's stock worth $110,187,000 after purchasing an additional 2,390,700 shares during the period. Franklin Resources Inc. grew its holdings in shares of Campbell Soup by 1,593.8% during the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock worth $91,623,000 after buying an additional 1,792,005 shares in the last quarter. Wulff Hansen & CO. grew its holdings in shares of Campbell Soup by 4,419.0% during the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company's stock worth $33,103,000 after buying an additional 716,320 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Campbell Soup by 88.2% during the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company's stock worth $58,342,000 after buying an additional 558,944 shares in the last quarter. Finally, Armistice Capital LLC grew its holdings in shares of Campbell Soup by 94.0% during the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company's stock worth $48,259,000 after buying an additional 517,550 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell Soup Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Campbell Soup (NASDAQ:CPB)

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