Piper Jaffray Companies restated their neutral rating on shares of Campbell Soup Company (NYSE:CPB) in a research report sent to investors on Monday. Piper Jaffray Companies currently has a $50.00 price objective on the stock, down from their previous price objective of $56.00.
A number of other equities research analysts have also commented on CPB. Credit Suisse Group set a $47.00 price target on shares of Campbell Soup and gave the company a sell rating in a report on Sunday, July 23rd. Zacks Investment Research lowered shares of Campbell Soup from a hold rating to a sell rating in a report on Monday, September 4th. J P Morgan Chase & Co reiterated a neutral rating and set a $55.00 price target (down from $60.00) on shares of Campbell Soup in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) lowered their price target on shares of Campbell Soup from $49.00 to $45.00 and set a hold rating for the company in a report on Sunday, September 3rd. Finally, Royal Bank Of Canada lowered their price target on shares of Campbell Soup from $60.00 to $56.00 and set a sector perform rating for the company in a report on Friday, September 1st. Seven analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Campbell Soup presently has an average rating of Hold and a consensus price target of $53.03.
Shares of Campbell Soup (NYSE:CPB) traded up 0.15% during trading on Monday, reaching $47.80. 140,997 shares of the company were exchanged. Campbell Soup has a one year low of $45.29 and a one year high of $64.23. The stock has a 50-day moving average price of $51.82 and a 200-day moving average price of $55.29. The stock has a market capitalization of $14.49 billion, a PE ratio of 30.18 and a beta of 0.36.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Thursday, August 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.03. Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the company posted $0.46 EPS. Campbell Soup’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts forecast that Campbell Soup will post $3.04 EPS for the current year.
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Several institutional investors have recently added to or reduced their stakes in CPB. KCG Holdings Inc. grew its holdings in shares of Campbell Soup by 167.8% in the first quarter. KCG Holdings Inc. now owns 16,291 shares of the company’s stock valued at $932,000 after purchasing an additional 10,208 shares in the last quarter. Investment Centers of America Inc. grew its holdings in shares of Campbell Soup by 20.7% in the first quarter. Investment Centers of America Inc. now owns 5,155 shares of the company’s stock valued at $295,000 after purchasing an additional 883 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Campbell Soup by 41.0% in the first quarter. Pinnacle Associates Ltd. now owns 10,652 shares of the company’s stock valued at $610,000 after purchasing an additional 3,100 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Campbell Soup by 196.8% in the first quarter. Tower Research Capital LLC TRC now owns 15,047 shares of the company’s stock valued at $861,000 after purchasing an additional 9,978 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Campbell Soup by 21.1% in the first quarter. Morgan Stanley now owns 1,385,089 shares of the company’s stock valued at $79,282,000 after purchasing an additional 241,068 shares in the last quarter. Hedge funds and other institutional investors own 44.32% of the company’s stock.
Campbell Soup Company Profile
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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