CPB (NYSE:CPF) Stock Rating Upgraded by Benchmark

CPB (NYSE:CPF) was upgraded by stock analysts at Benchmark to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other brokerages have also issued reports on CPF. Weiss Ratings upgraded CPB from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, June 18th. Keefe, Bruyette & Woods lifted their target price on CPB from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Thursday, April 9th. Finally, Piper Sandler lowered their target price on CPB from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $39.33.

CPB Stock Performance

Shares of NYSE:CPF traded up $0.20 during trading on Wednesday, reaching $38.35. 96,747 shares of the stock were exchanged, compared to its average volume of 166,792. CPB has a 12 month low of $25.62 and a 12 month high of $39.20. The stock has a 50-day moving average price of $35.76 and a 200-day moving average price of $33.67. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.00 billion, a PE ratio of 12.83 and a beta of 0.84.

CPB (NYSE:CPF) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $72.93 million during the quarter, compared to analysts’ expectations of $74.30 million. CPB had a return on equity of 13.93% and a net margin of 21.96%. Research analysts expect that CPB will post 3.17 EPS for the current fiscal year.

Institutional Trading of CPB

Large investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC increased its position in CPB by 4.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,023 shares of the financial services provider’s stock valued at $281,000 after buying an additional 369 shares in the last quarter. Royal Bank of Canada boosted its holdings in CPB by 30.0% in the fourth quarter. Royal Bank of Canada now owns 1,630 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 376 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in CPB by 1.1% in the fourth quarter. WINTON GROUP Ltd now owns 44,388 shares of the financial services provider’s stock worth $1,383,000 after acquiring an additional 472 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in CPB by 3.8% in the first quarter. Illinois Municipal Retirement Fund now owns 14,398 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 523 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of CPB by 4.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,201 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 655 shares in the last quarter. 88.42% of the stock is currently owned by institutional investors and hedge funds.

CPB Company Profile

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.