Royal Bank Of Canada Reiterates Sector Perform Rating for Campbell's (NASDAQ:CPB)

Key Points

• Royal Bank of Canada reiterated its “sector perform” rating on Campbell’s and maintained a $21.00 price target, implying roughly 10.2% downside from the stock’s $23.39 opening price.
• Analyst sentiment remains cautious: Campbell’s has an average “Reduce” rating, with 12 Hold ratings and seven Sell ratings, and a consensus price target of $20.33.
• Campbell’s reported quarterly EPS of $0.50, exceeding estimates of $0.48, but revenue declined 4.4% year over year to $2.37 billion; analysts expect approximately $2.18 in EPS for the current fiscal year.

Campbell's (NASDAQ:CPB - Get Free Report)'s stock had its "sector perform" rating reissued by research analysts at Royal Bank Of Canada in a research report issued on Monday,Benzinga reports. They presently have a $21.00 target price on the stock. Royal Bank Of Canada's price objective points to a potential downside of 10.22% from the company's current price.

Several other research firms also recently commented on CPB. UBS Group boosted their price objective on Campbell's from $17.00 to $18.00 and gave the company a "sell" rating in a report on Thursday, August 20th. Sanford C. Bernstein restated an "underperform" rating and issued a $19.00 target price (down from $21.00) on shares of Campbell's in a report on Tuesday, June 9th. Stephens set a $20.00 price objective on Campbell's in a research report on Friday. JPMorgan Chase & Co. lifted their target price on Campbell's from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 18th. Finally, DA Davidson upgraded shares of Campbell's to a "hold" rating in a report on Monday, July 6th. Twelve analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company's stock. According to MarketBeat.com, Campbell's presently has an average rating of "Reduce" and a consensus price target of $20.33.

Campbell's Price Performance

CPB stock opened at $23.39 on Monday. The stock has a market capitalization of $6.98 billion, a PE ratio of 11.58 and a beta of 0.02. The company's 50-day moving average is $22.61 and its 200-day moving average is $22.52. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.38. Campbell's has a 1 year low of $19.56 and a 1 year high of $34.17.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its earnings results on Monday, June 8th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Campbell's had a return on equity of 18.04% and a net margin of 6.12%.The business had revenue of $2.37 billion during the quarter. During the same period in the previous year, the firm earned $0.22 earnings per share. The business's quarterly revenue was down 4.4% on a year-over-year basis. Campbell's has set its FY 2026 guidance at 2.150-2.250 EPS. Equities research analysts expect that Campbell's will post 2.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Campbell's

Institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC purchased a new stake in shares of Campbell's in the fourth quarter worth about $29,000. Geneos Wealth Management Inc. boosted its stake in Campbell's by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock valued at $39,000 after buying an additional 750 shares during the period. Sittner & Nelson LLC purchased a new position in Campbell's during the fourth quarter worth about $29,000. Ankerstar Wealth LLC bought a new position in Campbell's in the 4th quarter worth about $29,000. Finally, IFP Advisors Inc bought a new position in Campbell's in the 3rd quarter worth about $37,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

About Campbell's

Campbell's NASDAQ: CPB is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell's has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company's brand portfolio includes Campbell's Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.

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