CPB (NYSE:CPF) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

CPB (NYSE:CPF) had its price objective raised by equities research analysts at Keefe, Bruyette & Woods from $34.00 to $36.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 7.44% from the stock’s previous close.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of CPB in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, CPB currently has a consensus rating of “Moderate Buy” and an average target price of $35.50.

CPB Stock Performance

Shares of NYSE CPF traded up $0.94 during mid-day trading on Monday, hitting $33.51. The stock had a trading volume of 41,216 shares, compared to its average volume of 151,108. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50 day moving average of $31.60 and a two-hundred day moving average of $30.11. The firm has a market cap of $899.02 million, a PE ratio of 11.72 and a beta of 0.96. CPB has a twelve month low of $23.16 and a twelve month high of $34.67.

CPB (NYSE:CPF) last released its earnings results on Wednesday, January 28th. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.12. CPB had a return on equity of 13.64% and a net margin of 21.17%.The firm had revenue of $76.29 million during the quarter, compared to the consensus estimate of $75.43 million. Research analysts predict that CPB will post 2.75 EPS for the current fiscal year.

Hedge Funds Weigh In On CPB

Several institutional investors and hedge funds have recently modified their holdings of CPF. First Citizens Bank & Trust Co. purchased a new stake in shares of CPB in the second quarter valued at approximately $518,000. Allspring Global Investments Holdings LLC purchased a new stake in CPB in the 2nd quarter worth $277,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in CPB by 11.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,547 shares of the financial services provider’s stock worth $688,000 after acquiring an additional 2,491 shares in the last quarter. HoldCo Asset Management LP acquired a new position in CPB during the second quarter worth $30,767,000. Finally, Thrivent Financial for Lutherans grew its position in shares of CPB by 335.2% in the second quarter. Thrivent Financial for Lutherans now owns 86,523 shares of the financial services provider’s stock valued at $2,426,000 after purchasing an additional 66,642 shares during the period. Hedge funds and other institutional investors own 88.42% of the company’s stock.

CPB Company Profile

Charoen Pokphand Foods Public Company Limited (NYSE: CPF) is a Thailand?based integrated agro?industrial and food conglomerate. Headquartered in Bangkok, the company is a subsidiary of the Charoen Pokphand Group and has grown into one of the world’s leading producers of livestock feed, meat and seafood products. CPF’s businesses span animal feed milling, animal breeding and hatchery operations, meat and seafood processing, and the distribution of fresh, frozen and value?added food products.

CPF’s product portfolio includes poultry, swine and aquaculture feed; fresh and frozen chicken and pork; shrimp and other seafood; as well as ready?to?eat and ready?to?cook food items.