ValuEngine upgraded shares of Campbell Soup (NYSE:CPB) from a strong sell rating to a sell rating in a research report report published on Friday.

Several other brokerages also recently weighed in on CPB. JPMorgan Chase & Co. downgraded Campbell Soup from a neutral rating to an underweight rating and set a $48.00 target price for the company. in a research note on Friday, August 10th. Wells Fargo & Co set a $42.00 target price on Campbell Soup and gave the company a hold rating in a research note on Monday, August 20th. Piper Jaffray Companies set a $35.00 target price on Campbell Soup and gave the company a sell rating in a research note on Tuesday, August 14th. Credit Suisse Group set a $32.00 target price on Campbell Soup and gave the company a sell rating in a research note on Friday, July 13th. Finally, Royal Bank of Canada increased their target price on Campbell Soup to $43.00 and gave the company a sector perform rating in a research note on Thursday, August 23rd. Twelve analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Sell and a consensus target price of $40.07.

NYSE:CPB traded up $0.17 during mid-day trading on Friday, hitting $40.22. 3,216,330 shares of the company’s stock traded hands, compared to its average volume of 3,358,557. Campbell Soup has a 12 month low of $32.63 and a 12 month high of $51.07. The company has a market cap of $12.04 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 2.75 and a beta of 0.20. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 5.83.

Campbell Soup (NYSE:CPB) last announced its earnings results on Thursday, August 30th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Campbell Soup had a return on equity of 53.88% and a net margin of 3.01%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 33.4% compared to the same quarter last year. analysts anticipate that Campbell Soup will post 2.47 EPS for the current year.

A number of institutional investors have recently bought and sold shares of CPB. Third Point LLC acquired a new position in Campbell Soup in the 2nd quarter valued at approximately $224,997,000. Morgan Stanley raised its holdings in shares of Campbell Soup by 1,223.0% in the 2nd quarter. Morgan Stanley now owns 5,721,091 shares of the company’s stock worth $231,933,000 after buying an additional 5,288,651 shares in the last quarter. Brandywine Managers LLC raised its holdings in shares of Campbell Soup by 51.2% in the 2nd quarter. Brandywine Managers LLC now owns 5,609,014 shares of the company’s stock worth $227,389,000 after buying an additional 1,900,000 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in shares of Campbell Soup in the 1st quarter worth approximately $56,667,000. Finally, Bank of Montreal Can acquired a new position in shares of Campbell Soup in the 2nd quarter worth approximately $45,483,000. 54.98% 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; and Campbell's tomato juices in the United States, Canada, and Latin America.

Further Reading: Outstanding Shares and The Effect on Share Price

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Campbell Soup (NYSE:CPB)

Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.