Campbell Soup (NYSE:CPB) was upgraded by analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm currently has a $57.00 target price on the stock, up from their previous target price of $45.51. Citigroup’s price target would indicate a potential upside of 21.38% from the company’s current price.

Several other analysts have also recently issued reports on the stock. Royal Bank of Canada set a $56.00 target price on shares of Campbell Soup and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Credit Suisse Group set a $41.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a research note on Friday, November 24th. Piper Jaffray Companies set a $50.00 price objective on shares of Campbell Soup and gave the company a “hold” rating in a research report on Wednesday, October 11th. UBS Group lowered their price objective on shares of Campbell Soup from $46.00 to $42.00 and set a “sell” rating on the stock in a research report on Thursday, November 9th. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $50.00 price objective on shares of Campbell Soup in a research report on Friday, December 15th. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $50.08.

Campbell Soup (NYSE:CPB) traded up $0.52 during midday trading on Tuesday, reaching $46.96. 2,024,100 shares of the company’s stock traded hands, compared to its average volume of 2,289,827. Campbell Soup has a fifty-two week low of $44.99 and a fifty-two week high of $64.23. The company has a quick ratio of 0.39, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The stock has a market cap of $13,960.19, a PE ratio of 16.42, a PEG ratio of 3.65 and a beta of 0.39.

Campbell Soup (NYSE:CPB) last posted its earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.05). Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. analysts forecast that Campbell Soup will post 2.95 EPS for the current fiscal year.

Campbell Soup announced that its board has authorized a stock buyback plan on Monday, December 18th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

In related news, Director Randall W. Larrimore sold 2,242 shares of the stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $48.69, for a total transaction of $109,162.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Edward Carolan sold 6,500 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $48.15, for a total transaction of $312,975.00. Following the transaction, the insider now directly owns 41,506 shares in the company, valued at approximately $1,998,513.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,284 shares of company stock worth $741,399. Corporate insiders own 37.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Berkshire Asset Management LLC PA grew its holdings in shares of Campbell Soup by 45.3% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 12,036 shares of the company’s stock valued at $564,000 after purchasing an additional 3,750 shares during the last quarter. Manning & Napier Advisors LLC grew its holdings in shares of Campbell Soup by 3.2% during the 3rd quarter. Manning & Napier Advisors LLC now owns 1,201,707 shares of the company’s stock valued at $56,262,000 after purchasing an additional 37,577 shares during the last quarter. Northern Capital Management LLC grew its holdings in shares of Campbell Soup by 235.8% during the 3rd quarter. Northern Capital Management LLC now owns 73,810 shares of the company’s stock valued at $3,456,000 after purchasing an additional 51,830 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Campbell Soup by 15.7% during the 3rd quarter. First Trust Advisors LP now owns 431,245 shares of the company’s stock valued at $20,191,000 after purchasing an additional 58,407 shares during the last quarter. Finally, ARP Americas LLC bought a new position in shares of Campbell Soup during the 3rd quarter valued at $502,000. 46.05% of the stock is currently owned by institutional investors.

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Campbell Soup Company Profile

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.

Analyst Recommendations for Campbell Soup (NYSE:CPB)

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