Campbell’s (NASDAQ:CPB) Rating Lowered to Strong Sell at Zacks Research

Campbell’s (NASDAQ:CPB) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.

Several other equities research analysts have also commented on CPB. UBS Group boosted their price target on shares of Campbell’s from $18.00 to $19.00 and gave the company a “sell” rating in a report on Friday, September 4th. Stephens set a $20.00 price objective on shares of Campbell’s in a research note on Friday, August 28th. BTIG Research reissued a “neutral” rating on shares of Campbell’s in a report on Friday, September 4th. DA Davidson reissued a “neutral” rating and issued a $20.00 price objective on shares of Campbell’s in a research note on Tuesday. Finally, Sanford C. Bernstein restated an “underperform” rating and set a $19.00 target price (down from $21.00) on shares of Campbell’s in a report on Tuesday, June 9th. Twelve investment analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $19.94.

Campbell’s Stock Performance

Shares of Campbell’s stock opened at $20.94 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. The stock’s fifty day moving average price is $22.61 and its 200-day moving average price is $22.13. The firm has a market cap of $6.24 billion, a P/E ratio of 15.98, a P/E/G ratio of 2.58 and a beta of 0.03. Campbell’s has a 12 month low of $19.56 and a 12 month high of $34.17.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. Campbell’s had a net margin of 4.04% and a return on equity of 16.44%. The company had revenue of $2.14 billion during the quarter. During the same period last year, the company earned $0.62 earnings per share. The firm’s revenue was down 7.9% compared to the same quarter last year. Campbell’s has set its FY 2027 guidance at 1.650-1.800 EPS. On average, equities research analysts expect that Campbell’s will post 1.7 earnings per share for the current fiscal year.

Institutional Trading of Campbell’s

Institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in shares of Campbell’s in the 4th quarter worth approximately $29,000. Geneos Wealth Management Inc. lifted its position in Campbell’s by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares during the last quarter. Sittner & Nelson LLC purchased a new stake in Campbell’s during the fourth quarter valued at approximately $29,000. Ankerstar Wealth LLC purchased a new stake in Campbell’s during the fourth quarter valued at approximately $29,000. Finally, IFP Advisors Inc acquired a new stake in Campbell’s in the third quarter valued at approximately $37,000. 52.35% of the stock is currently owned by institutional investors.

Campbell’s Company Profile

Campbell’s (NASDAQ: CPB) is a branded food company that develops, produces and markets packaged meals, beverages and snacks. Its portfolio includes soups, sauces, pasta products, frozen meals, dips, crackers, cookies and yogurt.

The company’s brands include Campbell’s, Goldfish, Pepperidge Farm, V8, Prego, Pace, Swanson, Rao’s, Michael Angelo’s and noosa. Products are sold primarily through grocery stores, mass merchants, club stores, convenience stores, food-service distributors and e-commerce channels.

Founded in 1869 by Joseph A.