Stephens Reaffirms Overweight Rating for Campbell Soup (NASDAQ:CPB)

Campbell Soup (NASDAQ:CPB)‘s stock had its “overweight” rating reiterated by Stephens in a research report issued to clients and investors on Wednesday,Benzinga reports.

A number of other analysts also recently issued reports on CPB. DA Davidson downgraded shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a report on Friday, September 27th. Stifel Nicolaus restated a “hold” rating and set a $45.00 target price on shares of Campbell Soup in a research report on Tuesday, August 27th. Sanford C. Bernstein raised Campbell Soup from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $55.00 to $58.00 in a report on Monday, October 7th. StockNews.com upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Finally, Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Campbell Soup presently has an average rating of “Hold” and a consensus target price of $51.17.

Campbell Soup Stock Down 0.1 %

Campbell Soup stock opened at $42.63 on Wednesday. Campbell Soup has a 52 week low of $40.26 and a 52 week high of $52.81. The firm has a market cap of $12.69 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.62 and a beta of 0.18. The business’s 50-day moving average price is $46.36 and its 200 day moving average price is $46.97. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52.

Institutional Trading of Campbell Soup

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Campbell Soup during the second quarter worth $32,000. nVerses Capital LLC purchased a new stake in Campbell Soup during the 3rd quarter worth about $34,000. Ashton Thomas Securities LLC acquired a new stake in Campbell Soup in the 3rd quarter valued at about $39,000. TruNorth Capital Management LLC purchased a new position in shares of Campbell Soup in the 2nd quarter valued at about $44,000. Finally, Rothschild Investment LLC acquired a new position in shares of Campbell Soup during the second quarter worth about $44,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

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.