Campbell’s (NASDAQ:CPB) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Campbell’s (NASDAQ:CPB) had its target price increased by equities researchers at JPMorgan Chase & Co. from $20.00 to $22.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 4.34% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the company. Bank of America lowered their price target on Campbell’s from $20.00 to $18.00 and set an “underperform” rating for the company in a research report on Tuesday, June 9th. Stifel Nicolaus raised their price objective on Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. William Blair initiated coverage on Campbell’s in a research note on Tuesday, June 23rd. They issued a “market perform” rating on the stock. Royal Bank Of Canada decreased their target price on Campbell’s from $23.00 to $21.00 and set a “sector perform” rating for the company in a report on Tuesday, June 9th. Finally, Morgan Stanley dropped their target price on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Twelve research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $20.47.

Campbell’s Trading Up 1.4%

Shares of CPB traded up $0.32 during mid-day trading on Tuesday, reaching $23.00. The company had a trading volume of 644,648 shares, compared to its average volume of 8,209,148. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 11.36 and a beta of 0.02. The firm has a fifty day simple moving average of $22.34 and a 200-day simple moving average of $22.80. Campbell’s has a fifty-two week low of $19.56 and a fifty-two week high of $34.17. The company has a current ratio of 0.87, a quick ratio of 0.38 and a debt-to-equity ratio of 1.53.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings data on Monday, June 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $2.37 billion during the quarter. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, sell-side analysts anticipate that Campbell’s will post 2.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Campbell’s

Several hedge funds have recently modified their holdings of CPB. Public Employees Retirement System of Ohio lifted its position in Campbell’s by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 60,571 shares of the company’s stock worth $1,913,000 after acquiring an additional 376 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Campbell’s by 8.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,099 shares of the company’s stock valued at $142,000 after acquiring an additional 380 shares in the last quarter. New England Asset Management Inc. raised its stake in shares of Campbell’s by 0.6% during the third quarter. New England Asset Management Inc. now owns 65,365 shares of the company’s stock valued at $2,064,000 after purchasing an additional 380 shares during the period. Horizon Investments LLC raised its stake in shares of Campbell’s by 10.2% during the fourth quarter. Horizon Investments LLC now owns 4,228 shares of the company’s stock valued at $116,000 after purchasing an additional 390 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of Campbell’s by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 90,311 shares of the company’s stock worth $2,517,000 after purchasing an additional 440 shares in the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell’s Company Profile

Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.