Campbell Soup (NASDAQ:CPB) Price Target Increased to $51.00 by Analysts at Royal Bank of Canada

Campbell Soup (NASDAQ:CPB - Get Free Report) had its price target lifted by Royal Bank of Canada from $47.00 to $51.00 in a report released on Friday, Benzinga reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank of Canada's price objective indicates a potential downside of 0.18% from the stock's previous close.

CPB has been the subject of several other research reports. TD Cowen raised their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a "hold" rating in a research report on Thursday. DA Davidson boosted their price target on Campbell Soup from $47.00 to $49.00 and gave the company a "buy" rating in a research note on Monday, June 10th. Wells Fargo & Company boosted their price objective on Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a report on Wednesday. Citigroup upped their price objective on Campbell Soup from $41.00 to $42.00 and gave the company a "sell" rating in a report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an "overweight" rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Campbell Soup has an average rating of "Hold" and a consensus target price of $48.92.

Campbell Soup Stock Up 2.6 %

NASDAQ CPB traded up $1.31 during mid-day trading on Friday, reaching $51.09. 2,014,638 shares of the company's stock traded hands, compared to its average volume of 2,643,963. The company has a market cap of $15.25 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 3.09 and a beta of 0.18. The company has a fifty day simple moving average of $48.48 and a 200-day simple moving average of $45.69. 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.

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

Hedge Funds Weigh In On Campbell Soup

A number of institutional investors have recently modified their holdings of the company. Van ECK Associates Corp increased its stake in Campbell Soup by 1.9% in the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company's stock valued at $393,603,000 after buying an additional 161,392 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Campbell Soup by 21.2% during the 1st quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company's stock valued at $147,375,000 after purchasing an additional 580,411 shares during the last quarter. Norges Bank bought a new stake in Campbell Soup in the fourth quarter valued at approximately $125,689,000. Dimensional Fund Advisors LP lifted its holdings in Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company's stock worth $129,971,000 after buying an additional 363,736 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Campbell Soup by 5,022.5% during the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company's stock valued at $110,187,000 after purchasing an additional 2,390,700 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

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.