Campbell Soup Company (CPB) Given a $50.00 Price Target by Piper Jaffray Companies Analysts

Campbell Soup Company (NYSE:CPB) has been assigned a $50.00 price objective by stock analysts at Piper Jaffray Companies in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 8.72% from the stock’s current price.

CPB has been the subject of several other research reports. Royal Bank Of Canada lowered Campbell Soup from an “underperform” rating to a “market perform” rating in a report on Sunday, September 3rd. Goldman Sachs Group, Inc. (The) cut their price objective on Campbell Soup from $49.00 to $45.00 and set a “hold” rating for the company in a report on Sunday, September 3rd. Morgan Stanley reissued an “underweight” rating and set a $47.00 price objective (down previously from $52.00) on shares of Campbell Soup in a report on Friday, September 1st. UBS AG reissued a “sell” rating and set a $46.00 price objective (down previously from $50.00) on shares of Campbell Soup in a report on Friday, September 1st. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $55.00 price objective (down previously from $60.00) on shares of Campbell Soup in a report on Wednesday, June 28th. Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Campbell Soup presently has an average rating of “Hold” and an average target price of $51.00.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Thursday, August 31st. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.03). Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/2956356/campbell-soup-company-cpb-given-a-50-00-price-target-by-piper-jaffray-companies-analysts.html.

In related news, Director Charles R. Perrin sold 2,304 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Luca Mignini bought 4,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was purchased at an average price of $46.47 per share, with a total value of $199,821.00. Following the transaction, the insider now directly owns 88,178 shares in the company, valued at $4,097,631.66. The disclosure for this purchase can be found here. Insiders own 37.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CPB. Envestnet Asset Management Inc. lifted its position in Campbell Soup by 8.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,278 shares of the company’s stock worth $416,000 after buying an additional 556 shares during the last quarter. Stifel Financial Corp lifted its position in Campbell Soup by 86.3% in the 1st quarter. Stifel Financial Corp now owns 18,323 shares of the company’s stock worth $1,052,000 after buying an additional 8,490 shares during the last quarter. Van ECK Associates Corp lifted its position in Campbell Soup by 7.0% in the 1st quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock worth $179,000 after buying an additional 204 shares during the last quarter. OppenheimerFunds Inc. lifted its position in Campbell Soup by 9.3% in the 1st quarter. OppenheimerFunds Inc. now owns 17,578 shares of the company’s stock worth $1,006,000 after buying an additional 1,489 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in Campbell Soup by 51.0% in the 1st quarter. Teachers Advisors LLC now owns 437,838 shares of the company’s stock worth $25,062,000 after buying an additional 147,875 shares during the last quarter. Institutional investors own 44.67% of the company’s stock.

About Campbell Soup

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

Analyst Recommendations for Campbell Soup (NYSE:CPB)

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

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.