DA Davidson Reiterates Neutral Rating for Campbell Soup (NASDAQ:CPB)

Campbell Soup (NASDAQ:CPB)‘s stock had its “neutral” rating reaffirmed by analysts at DA Davidson in a report issued on Wednesday,Benzinga reports. They presently have a $51.00 target price on the stock. DA Davidson’s target price points to a potential upside of 19.63% from the stock’s current price.

Several other analysts have also commented on CPB. JPMorgan Chase & Co. lifted their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $51.00 price target on shares of Campbell Soup in a research report on Monday. Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Friday, September 20th. Sanford C. Bernstein upgraded Campbell Soup from a “market perform” rating to an “outperform” rating and upped their price target for the company from $55.00 to $58.00 in a research report on Monday, October 7th. Finally, StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.17.

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $42.63 on Wednesday. The business’s fifty day simple moving average is $46.36 and its 200 day simple moving average is $46.97. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. Campbell Soup has a 12 month low of $40.26 and a 12 month high of $52.81. The firm has a market capitalization of $12.69 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 2.62 and a beta of 0.18.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. LSV Asset Management increased its holdings in Campbell Soup by 5,022.5% during the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after purchasing an additional 2,390,700 shares during the period. Franklin Resources Inc. lifted its position in shares of Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after purchasing an additional 1,792,005 shares during the period. Wulff Hansen & CO. increased its position in shares of Campbell Soup by 4,419.0% during the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock valued at $33,103,000 after buying an additional 716,320 shares during the period. Victory Capital Management Inc. raised its stake in Campbell Soup by 88.2% in the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after buying an additional 558,944 shares in the last quarter. Finally, Armistice Capital LLC lifted its holdings in Campbell Soup by 94.0% in the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock worth $48,259,000 after buying an additional 517,550 shares during the period. 52.35% 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 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.