Analysts Set Campbell Soup (NASDAQ:CPB) Target Price at $48.18

Campbell Soup (NASDAQ:CPB - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $48.58.

A number of equities research analysts recently weighed in on the company. DA Davidson upped their price target on Campbell Soup from $47.00 to $49.00 and gave the stock a "buy" rating in a report on Monday, June 10th. Wells Fargo & Company boosted their target price on Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Wednesday. StockNews.com cut Campbell Soup from a "hold" rating to a "sell" rating in a research report on Wednesday. Citigroup boosted their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a "sell" rating in a research report on Thursday, May 23rd. Finally, Barclays increased their price objective on shares of Campbell Soup from $45.00 to $49.00 and gave the company an "underweight" rating in a research note on Thursday.

Hedge Funds Weigh In On Campbell Soup

Institutional investors and hedge funds have recently modified their holdings of the company. Mather Group LLC. purchased a new stake in Campbell Soup in the 1st quarter valued at about $28,000. Jones Financial Companies Lllp purchased a new stake in Campbell Soup in the fourth quarter valued at approximately $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Campbell Soup during the second quarter worth approximately $32,000. Larson Financial Group LLC raised its stake in Campbell Soup by 3,760.9% during the first quarter. Larson Financial Group LLC now owns 888 shares of the company's stock worth $39,000 after purchasing an additional 865 shares during the period. Finally, TruNorth Capital Management LLC acquired a new position in shares of Campbell Soup in the 2nd quarter valued at $44,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell Soup Price Performance

Campbell Soup stock traded up $0.64 during midday trading on Thursday, reaching $49.78. The company's stock had a trading volume of 1,991,958 shares, compared to its average volume of 2,647,539. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.24 and a current ratio of 0.61. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.81. The firm has a market capitalization of $14.86 billion, a PE ratio of 20.15, a P/E/G ratio of 3.26 and a beta of 0.18. The stock's 50 day simple moving average is $48.39 and its 200 day simple moving average is $45.66.

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

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.