Campbell's (NASDAQ:CPB) Price Target Lowered to $30.00 at Barclays

Campbell's (NASDAQ:CPB - Get Free Report) had its target price decreased by equities research analysts at Barclays from $35.00 to $30.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Barclays's price target would suggest a potential downside of 3.62% from the stock's current price.

Other research analysts have also recently issued reports about the company. Morgan Stanley reduced their price objective on Campbell's from $40.00 to $35.00 and set an "equal weight" rating for the company in a research report on Tuesday, June 3rd. Argus downgraded shares of Campbell's from a "buy" rating to a "hold" rating in a research note on Friday, June 20th. Deutsche Bank Aktiengesellschaft decreased their price target on Campbell's from $43.00 to $39.00 and set a "hold" rating for the company in a research note on Wednesday, May 21st. Royal Bank Of Canada dropped their price target on shares of Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Tuesday, June 3rd. Finally, Citigroup lowered their price target on Campbell's from $33.00 to $32.00 and set a "sell" rating on the stock in a research report on Tuesday, June 3rd. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $39.33.

Campbell's Trading Up 0.5%

CPB traded up $0.17 during mid-day trading on Monday, hitting $31.13. The stock had a trading volume of 2,941,519 shares, compared to its average volume of 3,257,062. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33. Campbell's has a 1-year low of $29.39 and a 1-year high of $52.81. The stock's fifty day simple moving average is $32.98 and its 200-day simple moving average is $36.73. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 8.88 and a beta of 0.08.

Campbell's (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. Campbell's's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. As a group, research analysts forecast that Campbell's will post 3.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. DoubleLine ETF Adviser LP lifted its position in shares of Campbell's by 2.8% during the 4th quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company's stock worth $487,000 after buying an additional 312 shares during the last quarter. New England Asset Management Inc. boosted its stake in shares of Campbell's by 0.6% in the 1st quarter. New England Asset Management Inc. now owns 64,690 shares of the company's stock valued at $2,582,000 after purchasing an additional 370 shares in the last quarter. Koss Olinger Consulting LLC grew its holdings in shares of Campbell's by 0.7% during the 4th quarter. Koss Olinger Consulting LLC now owns 52,411 shares of the company's stock valued at $2,195,000 after purchasing an additional 380 shares during the last quarter. Farther Finance Advisors LLC increased its position in Campbell's by 22.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,102 shares of the company's stock worth $64,000 after purchasing an additional 384 shares in the last quarter. Finally, ORG Partners LLC lifted its stake in Campbell's by 77.3% in the 2nd quarter. ORG Partners LLC now owns 906 shares of the company's stock valued at $29,000 after purchasing an additional 395 shares during the last quarter. Institutional investors own 52.35% of the company's stock.

Campbell's Company Profile

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.