Stephens Cuts Campbell’s (NASDAQ:CPB) Price Target to $38.00

Campbell’s (NASDAQ:CPB) had its price target lowered by stock analysts at Stephens from $40.00 to $38.00 in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ target price would indicate a potential upside of 28.38% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Campbell’s in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $33.00 price objective on the stock. Wells Fargo & Company boosted their price target on Campbell’s from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Campbell’s in a research note on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of Campbell’s in a report on Thursday, September 4th. Finally, Bank of America upped their price objective on shares of Campbell’s from $29.00 to $30.00 and gave the stock an “underperform” rating in a research report on Thursday, September 4th. Three research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Campbell’s presently has an average rating of “Reduce” and a consensus target price of $34.00.

Campbell’s Price Performance

CPB opened at $29.60 on Monday. The stock has a market cap of $8.81 billion, a P/E ratio of 14.80, a PEG ratio of 10.32 and a beta of -0.05. The company has a quick ratio of 0.28, a current ratio of 0.77 and a debt-to-equity ratio of 1.56. Campbell’s has a 52-week low of $29.15 and a 52-week high of $43.85. The business has a fifty day moving average of $30.68 and a 200 day moving average of $31.88.

Institutional Investors Weigh In On Campbell’s

A number of large investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in Campbell’s during the 2nd quarter worth about $1,154,000. Rockefeller Capital Management L.P. acquired a new position in Campbell’s during the 2nd quarter worth approximately $403,000. Catalyst Funds Management Pty Ltd purchased a new position in Campbell’s in the second quarter valued at about $264,000. Rhumbline Advisers grew its position in shares of Campbell’s by 12.4% in the 2nd quarter. Rhumbline Advisers now owns 521,485 shares of the company’s stock worth $15,983,000 after acquiring an additional 57,700 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Campbell’s by 148.8% in the 2nd quarter. GAMMA Investing LLC now owns 20,063 shares of the company’s stock valued at $615,000 after acquiring an additional 11,999 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.