Campbell Soup (NYSE:CPB) Price Target Increased to $51.00 by Analysts at Credit Suisse Group

Campbell Soup (NYSE:CPB – Get Rating) had its price objective lifted by equities researchers at Credit Suisse Group from $50.00 to $51.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Credit Suisse Group’s target price would suggest a potential downside of 2.88% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Evercore ISI increased their price objective on Campbell Soup to $53.00 in a research report on Monday, December 12th. Bank of America upped their target price on Campbell Soup from $50.00 to $51.00 in a research note on Thursday. Morgan Stanley upped their target price on Campbell Soup from $56.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $50.00 target price on shares of Campbell Soup in a research note on Thursday. Finally, Exane BNP Paribas initiated coverage on Campbell Soup in a research note on Tuesday, November 15th. They issued an “underperform” rating for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Campbell Soup has an average rating of “Hold” and an average price target of $51.33.

Campbell Soup Stock Up 0.3 %

CPB opened at $52.51 on Thursday. Campbell Soup has a 1-year low of $41.74 and a 1-year high of $57.78. The company has a current ratio of 0.77, a quick ratio of 0.31 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $15.73 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 5.26 and a beta of 0.34. The business has a 50 day moving average of $52.84 and a 200-day moving average of $51.89.

Campbell Soup (NYSE:CPB – Get Rating) last posted its quarterly earnings data on Wednesday, March 8th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.06. Campbell Soup had a return on equity of 26.97% and a net margin of 8.86%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the business earned $0.69 earnings per share. Campbell Soup’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Campbell Soup will post 2.98 earnings per share for the current year.

Insiders Place Their Bets

In other Campbell Soup news, EVP Adam G. Ciongoli sold 37,354 shares of the stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $56.86, for a total transaction of $2,123,948.44. Following the completion of the transaction, the executive vice president now directly owns 99,385 shares in the company, valued at $5,651,031.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 21.05% of the company’s stock.

Institutional Trading of Campbell Soup

Several large investors have recently made changes to their positions in CPB. Old North State Trust LLC bought a new stake in shares of Campbell Soup during the third quarter worth $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of Campbell Soup by 121.5% during the third quarter. EverSource Wealth Advisors LLC now owns 536 shares of the company’s stock worth $26,000 after purchasing an additional 294 shares during the last quarter. Exos TFP Holdings LLC bought a new stake in shares of Campbell Soup during the third quarter worth $26,000. Parkside Financial Bank & Trust grew its holdings in shares of Campbell Soup by 149.8% during the first quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock worth $27,000 after purchasing an additional 358 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC bought a new stake in shares of Campbell Soup during the third quarter worth $31,000. Institutional investors own 50.39% of the company’s stock.

Campbell Soup Company Profile

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Campbell Soup Co engages in the business of manufacturing and marketing food and beverage products. It operates under the Meals and Beverages, and Snacks segments. The Meals and Beverages segment includes soup, meals, and beverage products in retail and foodservice. The Snacks segment offers cookies, crackers, bakery, and frozen products.