Piper Sandler Has Lowered Expectations for CPB (NYSE:CPF) Stock Price

CPB (NYSE:CPF) had its price objective reduced by research analysts at Piper Sandler from $39.00 to $37.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s target price suggests a potential upside of 16.72% from the stock’s previous close.

A number of other analysts also recently commented on CPF. Keefe, Bruyette & Woods boosted their price target on shares of CPB from $34.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of CPB in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, CPB currently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

CPB Stock Down 1.8%

Shares of CPB stock opened at $31.70 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.85. CPB has a 1-year low of $23.16 and a 1-year high of $35.01. The business’s fifty day moving average price is $32.41 and its two-hundred day moving average price is $31.14. The company has a market capitalization of $838.15 million, a P/E ratio of 11.11 and a beta of 0.88.

CPB (NYSE:CPF) last released its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.12. CPB had a return on equity of 13.64% and a net margin of 21.17%.The company had revenue of $76.29 million during the quarter, compared to analysts’ expectations of $75.43 million. As a group, research analysts forecast that CPB will post 2.75 EPS for the current year.

Institutional Trading of CPB

Hedge funds and other institutional investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC boosted its holdings in CPB by 4.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,023 shares of the financial services provider’s stock worth $281,000 after buying an additional 369 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of CPB by 30.0% in the fourth quarter. Royal Bank of Canada now owns 1,630 shares of the financial services provider’s stock valued at $51,000 after buying an additional 376 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of CPB by 1.1% during the 4th quarter. WINTON GROUP Ltd now owns 44,388 shares of the financial services provider’s stock valued at $1,383,000 after acquiring an additional 472 shares during the last quarter. Twin Lakes Capital Management LLC boosted its stake in shares of CPB by 0.3% during the 3rd quarter. Twin Lakes Capital Management LLC now owns 184,244 shares of the financial services provider’s stock worth $5,590,000 after acquiring an additional 513 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CPB by 2.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,163 shares of the financial services provider’s stock worth $763,000 after acquiring an additional 616 shares in the last quarter. 88.42% of the stock is currently owned by institutional investors.

About CPB

Charoen Pokphand Foods Public Company Limited (NYSE: CPF) is a Thailand‐based integrated agro‐industrial and food conglomerate. Headquartered in Bangkok, the company is a subsidiary of the Charoen Pokphand Group and has grown into one of the world’s leading producers of livestock feed, meat and seafood products. CPF’s businesses span animal feed milling, animal breeding and hatchery operations, meat and seafood processing, and the distribution of fresh, frozen and value‐added food products.

CPF’s product portfolio includes poultry, swine and aquaculture feed; fresh and frozen chicken and pork; shrimp and other seafood; as well as ready‐to‐eat and ready‐to‐cook food items.