Barclays analyst Andrew Lazar maintained a Sell rating on Campbell Soup (CPB – Research Report) yesterday and set a price target of $45.00. The company’s shares closed yesterday at $42.81.
Lazar covers the Consumer Defensive sector, focusing on stocks such as McCormick & Company, Nomad Foods, and The Hershey Company. According to TipRanks, Lazar has an average return of 6.4% and a 60.34% success rate on recommended stocks.
Campbell Soup has an analyst consensus of Hold, with a price target consensus of $45.86.
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Based on Campbell Soup’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $2.46 billion and a net profit of $203 million. In comparison, last year the company earned a revenue of $2.49 billion and had a net profit of $232 million
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Campbell Soup (CPB) Company Description:
Campbell Soup Co. operates two segments. Meals & Beverages includes the retail and foodservice businesses in the U.S. and Canada. The segment includes the following products: Campbell’s condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell’s gravies, pasta, beans and dinner sauces; Swanson canned poultry; Plum baby food and snacks; V8 juices and beverages; and, Campbell’s tomato juice.
Snacks includes Pepperidge Farm cookies, crackers, fresh bakery and frozen products in U.S. retail, including Milano cookies and Goldfish crackers, as well as Snyder’s of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory Pretzel Crisps, Pop Secret popcorn, Emerald nuts, and other snacking products in the U.S. and Canada. Beginning in fiscal 2020, the segment also includes the retail business in Latin America.
The company was founded on November 23, 1922 and is headquartered in Camden, NJ. Campbell was founded in 1869.
Read More on CPB:
- Campbell Soup Bolsters Market Position with Sovos Acquisition
- Campbell Soup price target lowered to $47 from $48 at DA Davidson
- Campbell Soup backs FY24 adjusted EPS $3.09-$3.15, consensus $3.07
- Campbell Soup reports Q2 adjusted EPS 80c, consensus 77c
- Options Volatility and Implied Earnings Moves Today, March 06, 2024
