Campbell’s (NASDAQ:CPB) Price Target Cut to $38.00 by Analysts at Stephens

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

A number of other equities research analysts also recently issued reports on CPB. Cowen reissued a “hold” rating on shares of Campbell’s in a report on Thursday, September 4th. DA Davidson set a $30.00 price objective on Campbell’s in a report on Monday, November 17th. TD Cowen boosted their price target on shares of Campbell’s from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, September 4th. Wells Fargo & Company lifted 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. Finally, UBS Group reduced their target price on Campbell’s from $30.00 to $28.00 and set a “sell” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $34.00.

Campbell’s Stock Up 0.8%

Shares of NASDAQ:CPB opened at $29.60 on Monday. Campbell’s has a 1 year low of $29.15 and a 1 year high of $43.85. The company has a market capitalization of $8.81 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 10.32 and a beta of -0.05. The business has a fifty day moving average price of $30.68 and a two-hundred day moving average price of $31.88. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.77 and a quick ratio of 0.28.

Hedge Funds Weigh In On Campbell’s

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Campbell’s by 2.1% during the first quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company’s stock valued at $962,877,000 after purchasing an additional 494,567 shares during the period. State Street Corp raised its holdings in Campbell’s by 1.3% during the second quarter. State Street Corp now owns 11,960,359 shares of the company’s stock valued at $366,585,000 after acquiring an additional 149,679 shares during the period. Invesco Ltd. boosted its stake in shares of Campbell’s by 42.6% in the third quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock worth $252,505,000 after acquiring an additional 2,387,575 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Campbell’s by 16.5% during the third quarter. Dimensional Fund Advisors LP now owns 6,546,957 shares of the company’s stock worth $206,738,000 after acquiring an additional 928,843 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Campbell’s by 2.2% during the second quarter. Geode Capital Management LLC now owns 5,576,573 shares of the company’s stock valued at $170,279,000 after acquiring an additional 121,777 shares in the last quarter. Hedge funds and other institutional investors 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.