Campbell Soup (NYSE:CPB) Earns “Underperform” Rating from Bank of America

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Bank of America restated their underperform rating on shares of Campbell Soup (NYSE:CPB) in a report issued on Friday morning, Briefing.com Automated Import reports. Bank of America currently has a $32.00 target price on the stock.

Several other research analysts also recently commented on CPB. ValuEngine downgraded shares of Campbell Soup from a sell rating to a strong sell rating in a research note on Monday, February 25th. Zacks Investment Research downgraded shares of Campbell Soup from a hold rating to a sell rating in a research note on Monday, May 6th. Credit Suisse Group lifted their price target on shares of Campbell Soup from $30.00 to $36.00 and gave the stock an underperform rating in a research note on Thursday, June 6th. Wells Fargo & Co lifted their price target on shares of Campbell Soup from $38.00 to $41.00 and gave the stock a market perform rating in a research note on Thursday, June 6th. Finally, UBS Group set a $36.00 price target on shares of Campbell Soup and gave the stock a sell rating in a research note on Thursday, June 6th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $40.10.

CPB stock opened at $42.26 on Friday. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 3.35 and a beta of 0.46. Campbell Soup has a one year low of $32.03 and a one year high of $43.98. The company has a current ratio of 0.62, a quick ratio of 0.36 and a debt-to-equity ratio of 6.07.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.47 by $0.09. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.35 billion. Campbell Soup had a net margin of 3.19% and a return on equity of 54.23%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. On average, analysts anticipate that Campbell Soup will post 2.55 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors Inc. increased its stake in shares of Campbell Soup by 2.3% in the first quarter. Piedmont Investment Advisors Inc. now owns 11,968 shares of the company’s stock worth $456,000 after buying an additional 272 shares during the period. Parallel Advisors LLC increased its position in Campbell Soup by 52.2% during the 1st quarter. Parallel Advisors LLC now owns 860 shares of the company’s stock valued at $33,000 after purchasing an additional 295 shares during the period. O Shares Investment Advisers LLC increased its position in Campbell Soup by 3.0% during the 1st quarter. O Shares Investment Advisers LLC now owns 10,412 shares of the company’s stock valued at $397,000 after purchasing an additional 304 shares during the period. Mason Street Advisors LLC increased its position in Campbell Soup by 1.2% during the 1st quarter. Mason Street Advisors LLC now owns 27,485 shares of the company’s stock valued at $1,048,000 after purchasing an additional 323 shares during the period. Finally, CIBC Asset Management Inc increased its position in Campbell Soup by 1.1% during the 1st quarter. CIBC Asset Management Inc now owns 30,995 shares of the company’s stock valued at $1,182,000 after purchasing an additional 349 shares during the period. 52.08% of the stock is currently owned by institutional investors.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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Analyst Recommendations for Campbell Soup (NYSE:CPB)

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