Campbell Soup (NASDAQ:CPB) PT Raised to $49.00 at Wells Fargo & Company

Campbell Soup (NASDAQ:CPB) had its price target boosted by Wells Fargo & Company from $47.00 to $49.00 in a research report released on Friday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other research analysts have also recently weighed in on CPB. JPMorgan Chase & Co. raised shares of Campbell Soup from a neutral rating to an overweight rating and lifted their price target for the company from $45.00 to $52.00 in a research report on Wednesday, June 26th. DA Davidson boosted their target price on shares of Campbell Soup from $47.00 to $49.00 and gave the company a buy rating in a research note on Monday, June 10th. Sanford C. Bernstein upgraded shares of Campbell Soup from an underperform rating to a market perform rating and raised their price target for the stock from $42.00 to $46.00 in a research report on Wednesday, May 15th. Citigroup boosted their price objective on Campbell Soup from $41.00 to $42.00 and gave the company a sell rating in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a $47.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Campbell Soup currently has a consensus rating of Hold and an average target price of $47.33.

Campbell Soup Stock Up 1.0 %

Shares of NASDAQ:CPB opened at $49.72 on Friday. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $50.99. The company has a quick ratio of 0.24, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The firm’s 50-day simple moving average is $47.54 and its 200-day simple moving average is $45.24. The company has a market cap of $14.84 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 3.26 and a beta of 0.16.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. Campbell Soup’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. As a group, equities research analysts predict that Campbell Soup will post 3.18 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in Campbell Soup in the first quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Campbell Soup in the second quarter valued at $32,000. Jones Financial Companies Lllp acquired a new position in Campbell Soup in the fourth quarter valued at $31,000. Larson Financial Group LLC increased its stake in Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after purchasing an additional 865 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in Campbell Soup in the second quarter valued at $44,000. 52.35% of the stock is owned by institutional investors.

About Campbell Soup

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.