Campbell Soup (NYSE:CPB) has been given a $33.00 price objective by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Tuesday. The brokerage currently has a “sell” rating on the stock. Credit Suisse Group’s target price would indicate a potential downside of 18.62% from the company’s current price.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. downgraded Campbell Soup from a “neutral” rating to an “underweight” rating and set a $48.00 price target for the company. in a research note on Friday, August 10th. Piper Jaffray Companies set a $35.00 price target on Campbell Soup and gave the company a “sell” rating in a research note on Tuesday, August 14th. Wells Fargo & Co set a $42.00 price target on Campbell Soup and gave the company a “hold” rating in a research note on Monday, August 20th. UBS Group set a $30.00 price target on Campbell Soup and gave the company a “sell” rating in a research note on Thursday, August 23rd. Finally, Royal Bank of Canada boosted their price target on Campbell Soup to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, August 23rd. Eleven research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Campbell Soup has a consensus rating of “Hold” and a consensus target price of $39.73.

Shares of NYSE CPB opened at $40.55 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.64 and a debt-to-equity ratio of 5.83. 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 $11.56 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 2.70 and a beta of 0.13.

Campbell Soup (NYSE:CPB) last issued its earnings results on Tuesday, November 20th. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.08. Campbell Soup had a return on equity of 53.88% and a net margin of 3.01%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the company posted $0.92 EPS. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. On average, research analysts expect that Campbell Soup will post 2.41 EPS for the current year.

In related news, insider Luca Mignini acquired 5,494 shares of the company’s stock in a transaction 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 acquisition, the insider now directly owns 112,990 shares of the company’s stock, valued at $4,113,965.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 37.20% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. raised its holdings in Campbell Soup by 1,609.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,564 shares of the company’s stock valued at $104,000 after acquiring an additional 2,414 shares in the last quarter. IMA Wealth Inc. acquired a new position in Campbell Soup in the 2nd quarter valued at $130,000. Steward Partners Investment Advisory LLC raised its holdings in Campbell Soup by 367.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,590 shares of the company’s stock valued at $132,000 after acquiring an additional 2,822 shares in the last quarter. Exane Derivatives acquired a new position in Campbell Soup in the 3rd quarter valued at $138,000. Finally, Tower Research Capital LLC TRC raised its holdings in Campbell Soup by 766.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,467 shares of the company’s stock valued at $140,000 after acquiring an additional 3,067 shares in the last quarter. 55.65% 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; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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Analyst Recommendations for Campbell Soup (NYSE:CPB)

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