Campbell Soup Company (CPB) Given New $55.00 Price Target at Royal Bank Of Canada

Campbell Soup Company (NYSE:CPB) had its target price dropped by Royal Bank Of Canada from $56.00 to $55.00 in a report released on Monday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 10.62% from the stock’s current price.

Several other research analysts have also recently commented on CPB. Credit Suisse Group reiterated a “sell” rating and set a $43.00 price target (down previously from $47.00) on shares of Campbell Soup in a report on Friday, September 1st. Barclays PLC reiterated a “sell” rating on shares of Campbell Soup in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. UBS AG reiterated a “sell” rating and set a $46.00 price target (down previously from $50.00) on shares of Campbell Soup in a report on Friday, September 1st. Finally, Piper Jaffray Companies set a $50.00 price target on shares of Campbell Soup and gave the stock a “hold” rating in a report on Wednesday, October 11th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Campbell Soup has an average rating of “Hold” and an average price target of $50.45.

Campbell Soup (NYSE:CPB) opened at $49.72 on Monday. The firm has a market cap of $14,942.28, a PE ratio of 16.46, a P/E/G ratio of 3.65 and a beta of 0.38. Campbell Soup has a 52-week low of $44.99 and a 52-week high of $64.23. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.42 and a current ratio of 0.79.

Campbell Soup (NYSE:CPB) last issued its earnings results on Thursday, August 31st. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. Campbell Soup’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. analysts anticipate that Campbell Soup will post 3.07 EPS for the current fiscal year.

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In other Campbell Soup news, insider Luca Mignini purchased 4,300 shares of Campbell Soup stock in a transaction that occurred on Wednesday, September 27th. The stock was purchased at an average price of $46.47 per share, for a total transaction of $199,821.00. Following the transaction, the insider now directly owns 88,178 shares in the company, valued at $4,097,631.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles R. Perrin sold 2,304 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $46.46, for a total transaction of $107,043.84. The disclosure for this sale can be found here. Corporate insiders own 37.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in CPB. Mn Services Vermogensbeheer B.V. raised its position in Campbell Soup by 461.1% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 29,910 shares of the company’s stock valued at $1,560,000 after purchasing an additional 24,579 shares during the last quarter. LS Investment Advisors LLC raised its position in Campbell Soup by 11.9% in the 2nd quarter. LS Investment Advisors LLC now owns 9,824 shares of the company’s stock valued at $512,000 after purchasing an additional 1,046 shares during the last quarter. APG Asset Management N.V. raised its position in Campbell Soup by 2.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,352,669 shares of the company’s stock valued at $122,692,000 after purchasing an additional 52,600 shares during the last quarter. Huntington National Bank raised its position in Campbell Soup by 39.0% in the 2nd quarter. Huntington National Bank now owns 9,992 shares of the company’s stock valued at $521,000 after purchasing an additional 2,805 shares during the last quarter. Finally, PGGM Investments raised its position in Campbell Soup by 334.4% in the 2nd quarter. PGGM Investments now owns 664,094 shares of the company’s stock valued at $34,633,000 after purchasing an additional 511,228 shares during the last quarter. Hedge funds and other institutional investors own 47.08% 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.

Analyst Recommendations for Campbell Soup (NYSE:CPB)

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