Campbell Soup Co. [CPB] stock prices are up 0.58% to $43.57 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CPB shares have gain 1.30% over the last week, with a monthly amount glided 5.11%, and seem to be holding up well over a long-time horizon.
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On 12, March 2024, Campbell Completes Acquisition of Sovos Brands, Inc. In a post published today on Yahoo Finance, Strengthens and diversifies Campbell’s Meals & Beverages portfolio with additional high-growth brands including premium market-leading Rao’s sauce, along with Michael Angelo’s and noosa.
From an analyst’s perspective:
Previously, DA Davidson started tracking the stock with Buy rating on March 01, 2024, and set its price target to $48. On February 01, 2024, Citigroup initiated with a Sell rating and assigned a price target of $41 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $47 on December 12, 2023. Stephens initiated its recommendation with a Overweight and recommended $50 as its price target on October 13, 2023. TD Cowen started tracking with a Market Perform rating for this stock on September 13, 2023, and assigned it a price target of $45.
The stock price of Campbell Soup Co. [CPB] has been fluctuating between $37.94 and $56.04 over the past year. Currently, Wall Street analysts expect the stock to reach $48.5 within the next 12 months. Campbell Soup Co. [NYSE: CPB] shares were valued at $43.57 at the most recent close of the market. An investor can expect a potential return of 11.32% based on the average CPB price forecast.
Analyzing the CPB fundamentals
The Campbell Soup Co. [NYSE:CPB] reported sales of 9.27B for trailing twelve months, representing a drop of -1.17%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.21 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 43.21 points at the first support level, and at 42.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.77, and for the 2nd resistance point, it is at 43.98.
Campbell Soup Co. [CPB] reported earnings per share of $0.8 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.77/share, meaning a difference of $0.03 and a surprise factor of 3.90%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.91 per share as compared to estimates of $0.87 per share, a difference of $0.04 representing a surprise of 4.60%.
Ratios To Look Out For
It’s worth pointing out that Campbell Soup Co. [NYSE:CPB]’s Current Ratio is 1.01. On the other hand, the Quick Ratio is 0.43, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 3.37 and price to earnings (TTM) ratio is 17.03.
Transactions by insiders
Recent insider trading involved Sanzio Anthony, Executive Vice President, that happened on Dec 12 ’23 when 3000.0 shares were sold. Senior VP and Controller, Polomski Stanley completed a deal on Sep 14 ’23 to sell 8000.0 shares.
