Campbell Soup (NYSE:CPB) Receives New Coverage from Analysts at Evercore ISI

Analysts at Evercore ISI initiated coverage on shares of Campbell Soup (NYSE:CPB) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage set an “in-line” rating and a $43.00 price target on the stock. Evercore ISI’s price target would indicate a potential upside of 0.33% from the company’s current price.

A number of other research analysts also recently weighed in on the company. ValuEngine downgraded Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded Campbell Soup from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Bank of America set a $30.00 price target on Campbell Soup and gave the stock a “sell” rating in a research note on Thursday, February 28th. Wells Fargo & Co upped their price target on Campbell Soup from $38.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, June 6th. Finally, UBS Group set a $36.00 price target on Campbell Soup and gave the stock a “sell” rating in a research note on Thursday, June 6th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $39.90.

CPB stock traded up $0.33 during trading on Tuesday, reaching $42.86. 45,844 shares of the stock were exchanged, compared to its average volume of 2,559,387. Campbell Soup has a twelve month low of $32.03 and a twelve month high of $43.98. The company has a debt-to-equity ratio of 6.07, a quick ratio of 0.36 and a current ratio of 0.62. The company has a market cap of $12.97 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 2.82 and a beta of 0.46.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. Campbell Soup had a return on equity of 54.23% and a net margin of 3.19%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the business earned $0.70 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts predict that Campbell Soup will post 2.55 earnings per share for the current year.

Several institutional investors have recently modified their holdings of CPB. JOYN Advisors Inc. raised its stake in shares of Campbell Soup by 99.5% in the fourth quarter. JOYN Advisors Inc. now owns 766 shares of the company’s stock worth $25,000 after purchasing an additional 382 shares during the last quarter. Roble Belko & Company Inc purchased a new stake in shares of Campbell Soup in the first quarter worth approximately $27,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Campbell Soup by 71.6% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 894 shares of the company’s stock worth $29,000 after purchasing an additional 373 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in shares of Campbell Soup in the first quarter worth approximately $31,000. Finally, CWM LLC raised its stake in shares of Campbell Soup by 319.5% in the first quarter. CWM LLC now owns 839 shares of the company’s stock worth $32,000 after purchasing an additional 639 shares during the last quarter. 52.08% of the stock is owned by hedge funds and other institutional investors.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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Analyst Recommendations for Campbell Soup (NYSE:CPB)

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