Morgan Stanley Issues Positive Forecast for Campbell’s (NASDAQ:CPB) Stock Price

Campbell’s (NASDAQ:CPB) had its price objective hoisted by Morgan Stanley from $32.00 to $33.00 in a report released on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other analysts also recently issued reports on CPB. DA Davidson lowered their price target on Campbell’s from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, June 9th. Wells Fargo & Company lowered their price target on Campbell’s from $34.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, July 9th. Piper Sandler reiterated a “neutral” rating and issued a $34.00 price target (down from $35.00) on shares of Campbell’s in a report on Thursday, August 7th. Barclays lowered their price target on Campbell’s from $35.00 to $30.00 and set an “underweight” rating for the company in a report on Monday, July 14th. Finally, Argus cut shares of Campbell’s from a “buy” rating to a “hold” rating in a research report on Friday, June 20th. Three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $36.06.

Campbell’s Trading Up 4.2%

CPB stock opened at $34.03 on Friday. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 11.30 and a beta of 0.05. The company has a quick ratio of 0.33, a current ratio of 0.77 and a debt-to-equity ratio of 1.56. The business has a fifty day simple moving average of $32.00 and a 200-day simple moving average of $35.02. Campbell’s has a 52 week low of $29.39 and a 52 week high of $52.81.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. Campbell’s had a return on equity of 22.95% and a net margin of 5.87%.The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.08 EPS. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. On average, equities research analysts expect that Campbell’s will post 3.15 EPS for the current year.

Hedge Funds Weigh In On Campbell’s

Several large investors have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its position in shares of Campbell’s by 13.0% during the second quarter. Osaic Holdings Inc. now owns 45,391 shares of the company’s stock worth $1,406,000 after purchasing an additional 5,223 shares during the last quarter. Orion Porfolio Solutions LLC bought a new position in shares of Campbell’s during the second quarter worth about $245,000. MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Campbell’s during the second quarter worth about $1,127,000. Advisory Services Network LLC lifted its position in shares of Campbell’s by 344.5% during the second quarter. Advisory Services Network LLC now owns 29,853 shares of the company’s stock worth $953,000 after purchasing an additional 23,137 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of Campbell’s during the second quarter worth about $85,000. Institutional investors own 52.35% of the company’s stock.

About Campbell’s

The Campbell’s Company, formerly known as 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.