Argus Upgrades Campbell Soup (NASDAQ:CPB) to Buy

Campbell Soup (NASDAQ:CPB) was upgraded by research analysts at Argus from a “hold” rating to a “buy” rating in a research report issued on Friday, Briefing.com reports. The firm presently has a $59.00 target price on the stock. Argus’ price objective would suggest a potential upside of 16.05% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. Citigroup raised their target price on Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research report on Thursday, May 23rd. DA Davidson boosted their price objective on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. StockNews.com cut shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Friday. TD Cowen lifted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Finally, Royal Bank of Canada upped their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.69.

Campbell Soup Stock Down 0.5 %

Shares of NASDAQ:CPB opened at $50.84 on Friday. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.81. The firm’s 50 day moving average price is $49.07 and its 200 day moving average price is $46.00. The company has a quick ratio of 0.24, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The stock has a market cap of $15.18 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $0.50 EPS. As a group, equities research analysts predict that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Beacon Pointe Advisors LLC raised its position in Campbell Soup by 5.5% during the 4th quarter. Beacon Pointe Advisors LLC now owns 12,180 shares of the company’s stock worth $527,000 after buying an additional 636 shares during the last quarter. Norges Bank purchased a new position in Campbell Soup during the fourth quarter worth about $125,689,000. UBS Group AG lifted its position in Campbell Soup by 116.4% in the fourth quarter. UBS Group AG now owns 463,602 shares of the company’s stock valued at $20,042,000 after purchasing an additional 249,326 shares during the period. Coldstream Capital Management Inc. boosted its holdings in Campbell Soup by 6.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 6,196 shares of the company’s stock valued at $268,000 after purchasing an additional 384 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new position in Campbell Soup during the 4th quarter worth approximately $459,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.