Campbell Soup Co. [NYSE: CPB] traded at a high on Thursday, posting a 2.45 gain after which it closed the day’ session at $43.99. The company report on March 12, 2024 at 8:35 AM that Campbell Completes Acquisition of Sovos Brands, Inc.
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.
Risa Cretella from Sovos Brands to lead new Distinctive Brands unit within Meals & Beverages division.
The results of the trading session contributed to over 3239667 shares changing hands. Over the past one week, the price volatility of Campbell Soup Co. stands at 1.77% while the volatility over the past one month is 2.06%.
The market cap for CPB stock reached $13.11 billion, with 298.00 million shares outstanding and 196.68 million shares in the current float. Compared to the average trading volume of 2.78M shares, CPB reached a trading volume of 3239667 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Campbell Soup Co. [CPB]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CPB shares is $45.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CPB stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Evercore ISI have made an estimate for Campbell Soup Co. shares, keeping their opinion on the stock as In-line, with their previous recommendation back on March 13, 2024. While these analysts kept the previous recommendation, DA Davidson raised their target price to Buy. The new note on the price target was released on March 01, 2024, representing the official price target for Campbell Soup Co. stock. Previously, the target price had yet another raise to $41, while Citigroup analysts kept a Sell rating on CPB stock.
The Average True Range (ATR) for Campbell Soup Co. is set at 0.87, with the Price to Sales ratio for CPB stock in the period of the last 12 months amounting to 1.41. The Price to Book ratio for the last quarter was 3.41, with the Price to Cash per share for the same quarter was set at 0.57. Price to Free Cash Flow for CPB in the course of the last twelve months was 21.25 with Quick ratio for the last quarter at 0.43.
How has CPB stock performed recently?
Campbell Soup Co. [CPB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.18. With this latest performance, CPB shares gained by 2.42% in over the last four-week period, additionally plugging by 10.33% over the last 6 months – not to mention a drop of -20.24% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CPB stock in for the last two-week period is set at 54.81, with the RSI for the last a single of trading hit 55.10, and the three-weeks RSI is set at 54.03 for Campbell Soup Co. [CPB]. The present Moving Average for the last 50 days of trading for this stock 43.16, while it was recorded at 44.09 for the last single week of trading, and 42.87 for the last 200 days.
Campbell Soup Co. [CPB]: Deeper insight into the fundamentals
Campbell Soup Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.43 and a Current Ratio set at 1.01.
Earnings analysis for Campbell Soup Co. [CPB]
With the latest financial reports released by the company, Campbell Soup Co. posted 0.68/share EPS, while the average EPS was predicted by analysts to be reported at 0.64/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CPB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Campbell Soup Co. go to 5.73%.
Insider trade positions for Campbell Soup Co. [CPB]
The top three institutional holders of CPB stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CPB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CPB stock with ownership which is approximately 5.8386%.
