Stifel Nicolaus Has Lowered Expectations for Campbell’s (NASDAQ:CPB) Stock Price

Campbell’s (NASDAQ:CPB) had its target price reduced by investment analysts at Stifel Nicolaus from $38.00 to $34.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 5.95% from the company’s current price.

Several other analysts also recently weighed in on CPB. Argus downgraded Campbell’s from a “buy” rating to a “hold” rating in a report on Friday, June 20th. Evercore ISI reduced their target price on Campbell’s from $46.00 to $41.00 and set an “in-line” rating for the company in a report on Thursday, May 29th. Barclays reduced their target price on Campbell’s from $35.00 to $30.00 and set an “underweight” rating for the company in a report on Monday, July 14th. Stephens reduced their target price on Campbell’s from $48.00 to $43.00 in a report on Wednesday, May 28th. Finally, Royal Bank Of Canada reduced their price objective on Campbell’s from $44.00 to $38.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 3rd. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.11.

Campbell’s Trading Down 2.3%

NASDAQ:CPB opened at $32.09 on Tuesday. The stock has a 50-day simple moving average of $32.36 and a 200-day simple moving average of $36.15. The stock has a market cap of $9.57 billion, a P/E ratio of 21.25, a P/E/G ratio of 9.59 and a beta of 0.08. Campbell’s has a 1 year low of $29.39 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78.

Campbell’s (NASDAQ:CPB) last posted its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. Campbell’s had a return on equity of 23.22% and a net margin of 4.44%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the business earned $0.75 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, analysts anticipate that Campbell’s will post 3.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Campbell’s

A number of institutional investors and hedge funds have recently modified their holdings of CPB. DoubleLine ETF Adviser LP grew its holdings in Campbell’s by 2.8% during the 4th quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company’s stock valued at $487,000 after buying an additional 312 shares during the last quarter. New England Asset Management Inc. grew its holdings in Campbell’s by 0.6% during the 1st quarter. New England Asset Management Inc. now owns 64,690 shares of the company’s stock valued at $2,582,000 after buying an additional 370 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Campbell’s by 22.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,102 shares of the company’s stock valued at $64,000 after buying an additional 384 shares during the last quarter. ORG Partners LLC grew its holdings in Campbell’s by 77.3% during the 2nd quarter. ORG Partners LLC now owns 906 shares of the company’s stock valued at $29,000 after buying an additional 395 shares during the last quarter. Finally, Howe & Rusling Inc. grew its holdings in Campbell’s by 3.5% during the 1st quarter. Howe & Rusling Inc. now owns 11,786 shares of the company’s stock valued at $470,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

About Campbell’s

The Campbell’s Company, formerly known as 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.