In a report released today, Michael Lavery from Piper Sandler maintained a Hold rating on Campbell Soup (CPB – Research Report), with a price target of $47.00. The company’s shares closed yesterday at $43.37.
Lavery covers the Consumer Defensive sector, focusing on stocks such as Vita Coco Company, Campbell Soup, and Celsius Holdings. According to TipRanks, Lavery has an average return of 8.3% and a 55.59% success rate on recommended stocks.
Currently, the analyst consensus on Campbell Soup is a Hold with an average price target of $45.64, implying a 5.23% upside from current levels. In a report released on March 14, RBC Capital also maintained a Hold rating on the stock with a $47.00 price target.
CPB market cap is currently $12.98B and has a P/E ratio of 17.02.
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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.
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