Campbell's (NASDAQ:CPB) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reaffirmed a "neutral" rating for Campbell's stock, with a revised target price of $33.00, down from $34.00, indicating a potential upside of only 0.95% from its current price.
• Recent ratings from other research firms also show a generally negative outlook, with most analysts giving a "Hold" rating and a decreasing average target price of $38.44 for the stock.
• Campbell's recently reported quarterly earnings that exceeded expectations, with an EPS of $0.73 compared to a consensus estimate of $0.65, along with a year-over-year revenue growth of 4.5%.

JPMorgan Chase & Co. began coverage on shares of Campbell's (NASDAQ:CPB - Free Report) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $33.00 price target on the stock.

Several other brokerages have also issued reports on CPB. Piper Sandler reiterated a "neutral" rating and issued a $34.00 price objective (down from $35.00) on shares of Campbell's in a research report on Thursday, August 7th. Wells Fargo & Company decreased their price objective on Campbell's from $34.00 to $32.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 9th. Citigroup decreased their price objective on Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a research report on Tuesday, June 3rd. Argus lowered Campbell's from a "buy" rating to a "hold" rating in a research report on Friday, June 20th. Finally, Barclays decreased their price objective on Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a research report on Monday, July 14th. Three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $38.44.

Campbell's Trading Up 1.8%

Shares of Campbell's stock traded up $0.57 during trading on Wednesday, hitting $33.14. 5,113,223 shares of the company were exchanged, compared to its average volume of 4,878,585. The firm has a market capitalization of $9.88 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 10.80 and a beta of 0.08. Campbell's has a 1-year low of $29.39 and a 1-year high of $52.81. The firm's fifty day moving average price is $31.86 and its 200 day moving average price is $35.39. 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 (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. Campbell's had a return on equity of 23.22% and a net margin of 4.44%.The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the firm earned $0.75 EPS. Campbell's's quarterly revenue was up 4.5% compared to the same quarter last year. Campbell's has set its FY 2025 guidance at 2.950-2.950 EPS. As a group, sell-side analysts expect that Campbell's will post 3.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Campbell's

A number of large investors have recently bought and sold shares of the company. Advisory Services Network LLC boosted its position in Campbell's by 344.5% during the 2nd quarter. Advisory Services Network LLC now owns 29,853 shares of the company's stock worth $953,000 after acquiring an additional 23,137 shares during the last quarter. State of Wyoming acquired a new position in Campbell's during the 2nd quarter worth approximately $85,000. Rexford Capital Inc. acquired a new position in Campbell's during the 2nd quarter worth approximately $163,000. FORA Capital LLC raised its stake in shares of Campbell's by 321.8% during the 2nd quarter. FORA Capital LLC now owns 104,504 shares of the company's stock worth $3,203,000 after purchasing an additional 79,727 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Campbell's by 15.2% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 263,981 shares of the company's stock worth $8,098,000 after purchasing an additional 34,809 shares in the last quarter. Institutional investors and hedge funds 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.