Barclays Reaffirms “Sell” Rating for Campbell Soup (NYSE:CPB)

Share on StockTwits

Barclays reiterated their sell rating on shares of Campbell Soup (NYSE:CPB) in a report issued on Sunday morning, AnalystRatings.com reports. They currently have a $43.00 price objective on the stock.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Campbell Soup from a sell rating to a hold rating and set a $45.00 target price on the stock in a research report on Friday, June 7th. Bank of America reissued an underperform rating and set a $32.00 target price on shares of Campbell Soup in a research report on Friday. Evercore ISI began coverage on shares of Campbell Soup in a research report on Tuesday, June 11th. They set an in-line rating and a $43.00 target price on the stock. Credit Suisse Group lifted their target price on shares of Campbell Soup from $30.00 to $36.00 and gave the stock an underperform rating in a research report 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 report on Thursday, June 6th. Seven analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Campbell Soup presently has a consensus rating of Hold and a consensus price target of $40.36.

CPB stock opened at $42.26 on Friday. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 3.32 and a beta of 0.46. The company has a debt-to-equity ratio of 6.07, a current ratio of 0.62 and a quick ratio of 0.36. Campbell Soup has a 52-week low of $32.03 and a 52-week high of $43.98.

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

Large investors have recently bought and sold shares of the stock. Roble Belko & Company Inc bought a new stake in Campbell Soup during the 1st quarter valued at $27,000. JOYN Advisors Inc. raised its holdings in Campbell Soup by 99.5% during the 4th quarter. JOYN Advisors Inc. now owns 766 shares of the company’s stock valued at $25,000 after acquiring an additional 382 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in Campbell Soup during the 1st quarter valued at $31,000. CWM LLC raised its holdings in Campbell Soup by 319.5% during the 1st quarter. CWM LLC now owns 839 shares of the company’s stock valued at $32,000 after acquiring an additional 639 shares during the period. Finally, Parallel Advisors LLC raised its holdings 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 acquiring an additional 295 shares during the period. 52.05% 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.

Read More: How is a buy-side analyst different from a sell-side analyst?

Analyst Recommendations for Campbell Soup (NYSE:CPB)

Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.