Campbell Soup (NYSE:CPB) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday.

CPB has been the topic of a number of other reports. Piper Jaffray Companies set a $35.00 price target on shares of Campbell Soup and gave the company a “sell” rating in a report on Tuesday, August 14th. UBS Group set a $30.00 price target on shares of Campbell Soup and gave the company a “sell” rating in a report on Thursday, August 23rd. JPMorgan Chase & Co. downgraded shares of Campbell Soup from a “neutral” rating to an “underweight” rating and set a $48.00 price target on the stock. in a report on Friday, August 10th. Wolfe Research downgraded shares of Campbell Soup from a “peer perform” rating to an “underperform” rating in a report on Wednesday, September 5th. Finally, Credit Suisse Group reduced their price target on shares of Campbell Soup from $36.00 to $33.00 and set a “sell” rating on the stock in a report on Friday, September 28th. Twelve research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Campbell Soup presently has an average rating of “Sell” and an average target price of $39.87.

Shares of CPB stock opened at $37.10 on Thursday. The firm has a market cap of $11.01 billion, a PE ratio of 12.87, a PEG ratio of 2.53 and a beta of 0.24. Campbell Soup has a one year low of $32.63 and a one year high of $51.07. The company has a debt-to-equity ratio of 5.83, a quick ratio of 0.31 and a current ratio of 0.64.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Thursday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. Campbell Soup had a net margin of 3.01% and a return on equity of 53.88%. Campbell Soup’s revenue for the quarter was up 33.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. On average, equities analysts forecast that Campbell Soup will post 2.46 EPS for the current fiscal year.

In other news, insider Luca Mignini purchased 5,494 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was purchased at an average cost of $36.41 per share, with a total value of $200,036.54. Following the purchase, the insider now owns 112,990 shares in the company, valued at $4,113,965.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 37.20% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Rational Advisors LLC purchased a new position in shares of Campbell Soup during the 1st quarter worth about $463,000. Valeo Financial Advisors LLC purchased a new position in shares of Campbell Soup during the 2nd quarter worth about $328,000. Russell Investments Group Ltd. boosted its stake in shares of Campbell Soup by 1.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 80,449 shares of the company’s stock worth $3,267,000 after purchasing an additional 1,254 shares during the period. Standard Life Aberdeen plc boosted its stake in shares of Campbell Soup by 0.9% during the 2nd quarter. Standard Life Aberdeen plc now owns 308,175 shares of the company’s stock worth $12,498,000 after purchasing an additional 2,697 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of Campbell Soup during the 2nd quarter worth about $175,000. 54.99% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Company Profile

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.

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Analyst Recommendations for Campbell Soup (NYSE:CPB)

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