Royal Bank of Canada Lowers Campbell Soup (NASDAQ:CPB) Price Target to $44.00

Campbell Soup (NASDAQ:CPB) had its price objective reduced by investment analysts at Royal Bank of Canada from $51.00 to $44.00 in a report released on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 5.24% from the company’s current price.

CPB has been the topic of a number of other reports. Jefferies Financial Group dropped their price objective on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday. Stifel Nicolaus lowered their price target on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. lowered shares of Campbell Soup from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $48.00 to $37.00 in a report on Thursday. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, Barclays lowered their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Campbell Soup has a consensus rating of “Hold” and a consensus price target of $46.36.

Campbell Soup Price Performance

Shares of CPB opened at $41.81 on Thursday. The firm has a market capitalization of $12.46 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. Campbell Soup has a 1-year low of $36.92 and a 1-year high of $52.81. The company’s fifty day moving average price is $39.39 and its 200-day moving average price is $44.36.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts predict that Campbell Soup will post 3.15 EPS for the current year.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new position in shares of Campbell Soup during the 3rd quarter worth about $39,000. Sherman Asset Management Inc. acquired a new stake in Campbell Soup in the 4th quarter valued at about $36,000. Principal Securities Inc. raised its holdings in Campbell Soup by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after acquiring an additional 290 shares during the last quarter. Kentucky Trust Co acquired a new stake in Campbell Soup in the 4th quarter valued at about $42,000. Finally, Quent Capital LLC raised its holdings in Campbell Soup by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after acquiring an additional 481 shares during the last quarter. Institutional investors and hedge funds 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.