Barclays Lowers Campbell Soup (NASDAQ:CPB) Price Target to $46.00

Campbell Soup (NASDAQ:CPB) had its price target dropped by equities researchers at Barclays from $49.00 to $46.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 7.65% from the stock’s previous close.

Several other research firms have also issued reports on CPB. Wells Fargo & Company dropped their price objective on Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday. TD Cowen boosted their price objective on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday. Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. upped their target price 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Campbell Soup presently has an average rating of “Hold” and an average price target of $50.92.

Campbell Soup Stock Up 0.2 %

CPB stock opened at $42.73 on Friday. Campbell Soup has a 1-year low of $40.26 and a 1-year high of $52.81. The stock has a market cap of $12.72 billion, a P/E ratio of 23.35, a P/E/G ratio of 2.45 and a beta of 0.18. The stock’s fifty day simple moving average is $46.22 and its two-hundred day simple moving average is $46.95. The company has a current ratio of 0.91, a quick ratio of 0.22 and a debt-to-equity ratio of 1.74.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. State Street Corp lifted its stake in shares of Campbell Soup by 3.1% in the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company’s stock valued at $491,581,000 after purchasing an additional 298,203 shares during the period. Van ECK Associates Corp raised its position in shares of Campbell Soup by 1.9% in the second quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock worth $393,603,000 after acquiring an additional 161,392 shares during the period. Geode Capital Management LLC boosted its stake in shares of Campbell Soup by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock worth $256,827,000 after acquiring an additional 322,951 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Campbell Soup by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after acquiring an additional 363,736 shares during the period. Finally, LSV Asset Management increased its stake in shares of Campbell Soup by 5,022.5% in 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 in the last quarter. 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.