Brokerage Firm Rating Update on Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : 12 analysts are covering Campbell Soup Company (CPB) and their average rating on the stock is 3.19, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Campbell Soup Company (CPB) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $65 and the lowest price target forecast is $51. The average forecast of all the analysts is $59.25 and the expected standard deviation is $4.65.


Company shares have received an average consensus rating of Hold for the current week Also, Citigroup maintains its rating on Campbell Soup Company (NYSE:CPB). The global brokerage major lowers the current price target from $67 per share to $63 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on September 2, 2016.

Campbell Soup Company (NYSE:CPB): stock was range-bound between the intraday low of $56.895 and the intraday high of $57.89 after having opened at $57.69 on Wednesdays session. The stock finally closed in the red at $57.69, a loss of -1.02%. The stock remained in the red for the whole trading day. The total traded volume was 1,966,002 shares. The stock failed to cross $57.89 in Wednesdays trading. The stocks closing price on Thursday was $57.7.

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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