Campbell Soup (NASDAQ:CPB) Price Target Raised to $51.00 at TD Cowen

Campbell Soup (NASDAQ:CPB - Get Free Report) had its price objective raised by analysts at TD Cowen from $47.00 to $51.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a "hold" rating on the stock. TD Cowen's price objective suggests a potential upside of 2.45% from the stock's previous close.

Other equities analysts have also issued reports about the company. Stifel Nicolaus restated a "hold" rating and set a $45.00 price target on shares of Campbell Soup in a research note on Tuesday, August 27th. Barclays increased their price objective on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an "underweight" rating in a report on Thursday. StockNews.com downgraded Campbell Soup from a "hold" rating to a "sell" rating in a research report on Wednesday. Sanford C. Bernstein raised shares of Campbell Soup from an "underperform" rating to a "market perform" rating and raised their price objective for the company from $42.00 to $46.00 in a research note on Wednesday, May 15th. Finally, Wells Fargo & Company upped their price target on Campbell Soup from $49.00 to $51.00 and gave the company an "equal weight" rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Campbell Soup presently has an average rating of "Hold" and a consensus price target of $48.58.

Campbell Soup Stock Up 1.3 %

CPB stock traded up $0.64 during mid-day trading on Thursday, hitting $49.78. The stock had a trading volume of 1,991,958 shares, compared to its average volume of 2,647,539. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 3.26 and a beta of 0.18. The company has a current ratio of 0.61, a quick ratio of 0.24 and a debt-to-equity ratio of 1.52. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $52.81. The company has a fifty day moving average of $48.39 and a 200 day moving average of $45.66.

Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The business's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. On average, equities analysts expect that Campbell Soup will post 3.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Campbell Soup

Institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC lifted its position in Campbell Soup by 27.5% during the fourth quarter. Private Advisor Group LLC now owns 22,345 shares of the company's stock valued at $966,000 after purchasing an additional 4,815 shares during the period. Jump Financial LLC raised its position in shares of Campbell Soup by 104.6% in the fourth quarter. Jump Financial LLC now owns 19,299 shares of the company's stock worth $834,000 after acquiring an additional 9,867 shares during the period. Westpac Banking Corp grew its holdings in Campbell Soup by 33.7% in the fourth quarter. Westpac Banking Corp now owns 2,811 shares of the company's stock valued at $122,000 after purchasing an additional 709 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Campbell Soup by 2.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,328 shares of the company's stock worth $9,678,000 after acquiring an additional 4,173 shares in the last quarter. Finally, Inceptionr LLC purchased a new position in Campbell Soup in the 4th quarter valued at about $215,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell Soup Company Profile

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.