Campbell’s (NASDAQ:CPB) Receives “Sector Perform” Rating from Royal Bank Of Canada

Campbell’s (NASDAQ:CPB)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank Of Canada in a note issued to investors on Monday,Benzinga reports. They presently have a $21.00 price objective on the stock. Royal Bank Of Canada’s target price indicates a potential downside of 10.22% from the company’s current price.

A number of other brokerages have also recently issued reports on CPB. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $19.00 price objective (down from $21.00) on shares of Campbell’s in a research note on Tuesday, June 9th. Stifel Nicolaus boosted their target price on Campbell’s from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. UBS Group raised their price target on Campbell’s from $17.00 to $18.00 and gave the stock a “sell” rating in a research report on Thursday, August 20th. DA Davidson raised Campbell’s to a “hold” rating in a research note on Monday, July 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Campbell’s in a research note on Tuesday, June 30th. Twelve analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $20.33.

Campbell’s Stock Performance

Campbell’s stock opened at $23.39 on Monday. Campbell’s has a fifty-two week low of $19.56 and a fifty-two week high of $34.17. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87. The stock has a market cap of $6.98 billion, a P/E ratio of 11.58 and a beta of 0.02. The firm’s fifty day moving average price is $22.61 and its 200-day moving average price is $22.52.

Campbell’s (NASDAQ:CPB) last released 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. The business had revenue of $2.37 billion for the quarter. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The firm’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS. On average, equities research analysts expect that Campbell’s will post 2.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Campbell’s

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sittner & Nelson LLC purchased a new stake in Campbell’s in the fourth quarter worth $29,000. Los Angeles Capital Management LLC purchased a new stake in shares of Campbell’s in the 4th quarter worth about $29,000. Ankerstar Wealth LLC bought a new stake in shares of Campbell’s during the 4th quarter valued at about $29,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Campbell’s during the 2nd quarter worth approximately $31,000. Finally, IMA Advisory Services Inc. bought a new stake in Campbell’s during the fourth quarter worth about $33,000. 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.