Campbell Soup Co. (CPB) stock hits $43.01: Is it a good time to buy or wait for a dip?

Campbell Soup Co. [CPB] stock is trading at $43.01, up 0.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The CPB shares have lost -3.24% over the last week, with a monthly amount glided 0.70%, and seem to be holding up well over a long-time horizon.

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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.

Campbell Soup Co. [CPB] stock has fluctuated between $37.94 and $55.52 over the past year. Currently, Wall Street analysts expect the stock to reach $48.29 within the next 12 months. Campbell Soup Co. [NYSE: CPB] shares were valued at $43.01 at the most recent close of the market. An investor can expect a potential return of 12.28% based on the average CPB price forecast.

Analyzing the CPB fundamentals

Campbell Soup Co. [NYSE:CPB] reported sales of 9.27B for the trailing twelve months, which represents 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.19.

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 42.68 points at the first support level, and at 42.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.26, and for the 2nd resistance point, it is at 43.52.

Ratios To Look Out For

For context, Campbell Soup Co.’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 1.38, the price to book ratio is 3.33 and price to earnings (TTM) ratio is 16.81.

Transactions by insiders

Recent insider trading involved Sanzio Anthony, Executive Vice President, that happened on Apr 04 ’24 when 250.0 shares were sold. Executive Vice President, Sanzio Anthony completed a deal on Dec 12 ’23 to sell 3000.0 shares. Meanwhile, Senior VP and Controller Polomski Stanley sold 8000.0 shares on Sep 14 ’23.

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