Royal Bank of Canada Increases Campbell Soup (NASDAQ:CPB) Price Target to $51.00

Campbell Soup (NASDAQ:CPB) had its price objective upped by stock analysts at Royal Bank of Canada from $47.00 to $51.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 1.72% from the company’s previous close.

A number of other analysts also recently issued reports on CPB. StockNews.com downgraded shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday. DA Davidson boosted their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Barclays boosted their price objective on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $48.92.

Campbell Soup Stock Up 0.7 %

NASDAQ:CPB traded up $0.36 on Friday, hitting $50.14. The stock had a trading volume of 151,101 shares, compared to its average volume of 2,633,435. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.24 and a current ratio of 0.61. The stock has a market cap of $14.97 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $52.81. The firm’s fifty day simple moving average is $48.48 and its two-hundred day simple moving average is $45.69.

Campbell Soup (NASDAQ:CPB) last issued 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. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business posted $0.50 EPS. Campbell Soup’s quarterly revenue was up 10.9% compared to the same quarter last year. Analysts predict that Campbell Soup will post 3.18 earnings per share for the current year.

Hedge Funds Weigh In On Campbell Soup

Institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC increased its stake in Campbell Soup by 27.5% in the 4th quarter. Private Advisor Group LLC now owns 22,345 shares of the company’s stock worth $966,000 after buying an additional 4,815 shares during the period. Jump Financial LLC increased its stake in Campbell Soup by 104.6% in the 4th quarter. Jump Financial LLC now owns 19,299 shares of the company’s stock worth $834,000 after buying an additional 9,867 shares during the period. Westpac Banking Corp increased its stake in Campbell Soup by 33.7% in the 4th quarter. Westpac Banking Corp now owns 2,811 shares of the company’s stock worth $122,000 after buying an additional 709 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Campbell Soup by 2.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,328 shares of the company’s stock valued at $9,678,000 after purchasing an additional 4,173 shares during the period. Finally, Inceptionr LLC purchased a new position in Campbell Soup during the 4th quarter valued at about $215,000. Institutional investors own 52.35% of the company’s stock.

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.