Campbell Soup (NASDAQ:CPB) Upgraded by Argus to “Buy”

Campbell Soup (NASDAQ:CPB) was upgraded by Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has a $59.00 target price on the stock. Argus’ target price points to a potential upside of 15.21% from the company’s current price.

A number of other analysts have also weighed in on CPB. JPMorgan Chase & Co. upped their target price on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. TD Cowen upped their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. Royal Bank of Canada upped their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. DA Davidson upped their price target on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, Citigroup upped their price target on Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research report on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $49.69.

Campbell Soup Stock Up 0.7 %

Campbell Soup stock opened at $51.21 on Friday. The business has a fifty day moving average of $49.19 and a two-hundred day moving average of $46.07. 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 has a market cap of $15.29 billion, a P/E ratio of 20.73, a P/E/G ratio of 3.09 and a beta of 0.18. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $52.81.

Campbell Soup (NASDAQ:CPB) last posted its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. Campbell Soup’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share. On average, analysts forecast that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Campbell Soup

Hedge funds have recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in Campbell Soup during the 1st quarter worth about $28,000. Jones Financial Companies Lllp acquired a new stake in Campbell Soup during the 4th quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Campbell Soup during the 2nd quarter worth about $32,000. Larson Financial Group LLC grew its position in Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after purchasing an additional 865 shares during the period. Finally, TruNorth Capital Management LLC acquired a new stake in Campbell Soup during the 2nd quarter worth about $44,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Company Profile

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.