Campbell Soup (NASDAQ:CPB) Upgraded by Piper Sandler to "Overweight" Rating

Campbell Soup (NASDAQ:CPB - Get Free Report) was upgraded by research analysts at Piper Sandler from a "neutral" rating to an "overweight" rating in a research note issued on Thursday, Marketbeat.com reports. The firm presently has a $56.00 price target on the stock, up from their previous price target of $47.00. Piper Sandler's price target would indicate a potential upside of 25.98% from the stock's previous close.

CPB has been the subject of a number of other research reports. Argus raised shares of Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 price target for the company in a report on Friday, September 20th. Wells Fargo & Company raised their price target on Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a research report on Wednesday, September 11th. DA Davidson lowered shares of Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 target price for the company. in a report on Friday, September 27th. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $51.58.

Campbell Soup Price Performance

CPB traded up $0.18 during trading on Thursday, hitting $44.45. 3,622,705 shares of the company traded hands, compared to its average volume of 2,519,288. 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 cap of $13.23 billion, a PE ratio of 23.52, a P/E/G ratio of 2.64 and a beta of 0.19. The stock's 50-day simple moving average is $48.26 and its two-hundred day simple moving average is $47.08. Campbell Soup has a 1 year low of $39.65 and a 1 year high of $52.81.

Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its 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. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The firm had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.31 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The business's revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Campbell Soup

Several large investors have recently modified their holdings of CPB. Point72 Asia Singapore Pte. Ltd. purchased a new position in Campbell Soup in the second quarter valued at about $32,000. nVerses Capital LLC acquired a new position in shares of Campbell Soup during the third quarter worth $34,000. Ashton Thomas Securities LLC purchased a new stake in shares of Campbell Soup during the 3rd quarter valued at $39,000. TruNorth Capital Management LLC acquired a new stake in shares of Campbell Soup in the 2nd quarter worth $44,000. Finally, Rothschild Investment LLC purchased a new position in Campbell Soup during the 2nd quarter worth $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.