Analyst Rating Update on Campbell Soup Company (CPB)

Campbell Soup Company (NYSE:CPB) : Zacks Investment Research ranks Campbell Soup Company (NYSE:CPB) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 3.03, which indicates as a Hold.

Campbell Soup Company (NYSE:CPB) : 8 Wall Street analysts covering Campbell Soup Company (NYSE:CPB) believe that the average level the stock could reach for the short term is $60.5. The maximum price target given is $65 and the minimum target for short term is around $55, hence the standard deviation is calculated at $3.89.

Company shares have received an average consensus rating of Hold for the current week

Campbell Soup Company (NYSE:CPB): On Tuesdays trading session , Opening price of the stock was $63.65 with an intraday high of $63.7. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $62.09. However, the stock managed to close at $62.75, a loss of 1.29% for the day. On the previous day, the stock had closed at $63.57. The total traded volume of the day was 1,733,346 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Campbell Soup Co, Carolan Edward had sold 5,000 shares worth of $309,650 in a transaction dated March 4, 2016. In this transaction, 5,000 shares were sold at $61.93 per share.

Campbell Soup Company manufactures and markets food products. The Companys segments include U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages, and Bolthouse and Foodservice. Its U.S. Simple Meals segment includes various products, such as Campbells condensed and ready-to-serve soups; Prego pasta sauces, and Pace Mexican sauces. Its Global Baking and Snacking segment includes Pepperidge Farm cookies, crackers, bakery and frozen products in the United States retail. Its International Simple Meals and Beverages segment includes retail business in Canada. Its U.S. Beverages segment includes various products, such as V8 juices and beverages, and Campbells tomato juice. Its Bolthouse and Foodservice segment comprises the Bolthouse Farms carrot products operating segment, including fresh carrots, juice concentrate and fiber. Its brands include Arnotts, Bolthouse Farms, Campbells, Garden Fresh Gourmet, Goldfish, Kjeldsens and Pace.

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