Morgan Stanley reiterated their underweight rating on shares of Campbell Soup Company (NYSE:CPB) in a research report released on Friday morning. They currently have a $47.00 price objective on the stock, down from their prior price objective of $52.00.

Several other analysts have also recently weighed in on the stock. Deutsche Bank AG restated a hold rating and set a $51.00 price objective (down previously from $58.00) on shares of Campbell Soup in a research report on Friday. Credit Suisse Group lowered their price objective on shares of Campbell Soup from $47.00 to $43.00 and set an underperform rating on the stock in a research report on Friday. Royal Bank Of Canada lowered their price objective on shares of Campbell Soup from $60.00 to $56.00 and set a sector perform rating on the stock in a research report on Friday. Zacks Investment Research upgraded shares of Campbell Soup from a sell rating to a hold rating in a research report on Tuesday, August 29th. Finally, Barclays PLC restated a sell rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $53.67.

Campbell Soup (CPB) opened at 45.40 on Friday. The firm’s 50-day moving average is $52.32 and its 200 day moving average is $55.78. The firm has a market capitalization of $13.76 billion, a P/E ratio of 28.66 and a beta of 0.36. Campbell Soup has a 12 month low of $45.29 and a 12 month high of $64.23.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings results 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 net margin of 11.24% and a return on equity of 59.84%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts expect that Campbell Soup will post $3.12 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Cleararc Capital Inc. boosted its stake in shares of Campbell Soup by 0.3% during the 1st quarter. Cleararc Capital Inc. now owns 4,745 shares of the company’s stock valued at $272,000 after purchasing an additional 16 shares in the last quarter. Advisors Management Group Inc. ADV boosted its stake in shares of Campbell Soup by 0.3% during the 2nd quarter. Advisors Management Group Inc. ADV now owns 6,119 shares of the company’s stock valued at $319,000 after purchasing an additional 21 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Campbell Soup by 2.3% during the 1st quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock valued at $142,000 after purchasing an additional 55 shares in the last quarter. ARGI Investment Services LLC boosted its stake in shares of Campbell Soup by 0.5% during the 1st quarter. ARGI Investment Services LLC now owns 13,537 shares of the company’s stock valued at $775,000 after purchasing an additional 64 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Campbell Soup by 1.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,605 shares of the company’s stock valued at $240,000 after purchasing an additional 70 shares in the last quarter. 44.32% of the stock is currently owned by hedge funds and other institutional investors.

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)

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