Campbell Soup (CPB) Earning Somewhat Positive Press Coverage, Report Shows
Media headlines about Campbell Soup (NYSE:CPB) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Campbell Soup earned a news impact score of 0.18 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.9212597555832 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Earnings Review and Free Research Report: Nomad Foods Adjusted Diluted EPS Increased 21.1% (finance.yahoo.com)
- Is Campbell Soup Company Now a Value Stock? – Motley Fool (fool.com)
- Amazon’s Grocery Threat Could Ramp Up Food M&A (finance.yahoo.com)
- Comparing SunOpta (STKL) & Campbell Soup (CPB) (americanbankingnews.com)
- Campbell Soup Company (NYSE:CPB) Continuing to Trade Below Moving Averages (techkenyot.com)
CPB has been the subject of a number of recent research reports. Wells Fargo & Company reiterated a “market perform” rating and issued a $58.00 price objective (down previously from $62.50) on shares of Campbell Soup in a report on Tuesday, May 23rd. Credit Suisse Group reiterated a “sell” rating on shares of Campbell Soup in a report on Wednesday, May 24th. Piper Jaffray Companies initiated coverage on shares of Campbell Soup in a report on Wednesday, May 24th. They issued a “neutral” rating and a $59.00 price objective for the company. BidaskClub downgraded shares of Campbell Soup from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $55.00 price target (down previously from $60.00) on shares of Campbell Soup in a report on Wednesday, June 28th. Seven analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $52.57.
Shares of Campbell Soup (CPB) opened at 48.73 on Friday. Campbell Soup has a 12-month low of $45.30 and a 12-month high of $64.23. The company has a 50-day moving average of $51.17 and a 200 day moving average of $54.97. The firm has a market cap of $14.77 billion, a P/E ratio of 30.76 and a beta of 0.36.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Thursday, August 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the company posted $0.46 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis. Equities research analysts anticipate that Campbell Soup will post $3.05 earnings per share for the current fiscal year.
About Campbell Soup
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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