Campbell Soup (NASDAQ:CPB) Lifted to Outperform at Sanford C. Bernstein

Campbell Soup (NASDAQ:CPB - Get Free Report) was upgraded by research analysts at Sanford C. Bernstein from a "market perform" rating to an "outperform" rating in a report issued on Monday, Marketbeat Ratings reports. The brokerage currently has a $58.00 price objective on the stock, up from their prior price objective of $55.00. Sanford C. Bernstein's target price indicates a potential upside of 23.06% from the stock's current price.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada increased their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a "sector perform" rating in a research note on Friday, September 13th. Wells Fargo & Company increased their price target on shares of Campbell Soup from $49.00 to $51.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 11th. StockNews.com raised shares of Campbell Soup from a "sell" rating to a "hold" rating in a research note on Thursday, September 26th. Argus raised shares of Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 price target on the stock in a research note on Friday, September 20th. Finally, TD Cowen increased their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $50.77.

Campbell Soup Price Performance

NASDAQ:CPB traded down $0.22 during mid-day trading on Monday, hitting $47.13. The company's stock had a trading volume of 2,450,875 shares, compared to its average volume of 2,631,088. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.81. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $14.07 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 3.02 and a beta of 0.18. The stock has a fifty day moving average of $49.65 and a 200-day moving average of $46.54.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Mather Group LLC. bought a new position in shares of Campbell Soup in the 1st quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Campbell Soup during the 2nd quarter worth about $32,000. Larson Financial Group LLC boosted its holdings in shares of Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company's stock worth $39,000 after buying an additional 865 shares during the period. TruNorth Capital Management LLC bought a new stake in Campbell Soup in the 2nd quarter valued at about $44,000. Finally, Rothschild Investment LLC bought a new stake in Campbell Soup in the 2nd quarter valued at about $44,000. 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.