Headlines about Campbell Soup Company (NYSE:CPB) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Campbell Soup Company earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the company an impact score of 94 out of 100, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Allison Transmission Holdings, Inc. (ALSN) registers a price change of -2.23% while Campbell Soup Company (CPB … – Stocks Gallery (stocksgallery.com)
- Noticeable Buzzers: Teck Resources Limited (TECK), Campbell Soup Company (CPB): Teck Resources Limited (TECK … – The Momentous News (momentousnews.com)
- UBS Is Cautious On Hain Celestial (NASDAQ: HAIN), Campbell … – Benzinga (benzinga.com)
- Relative Strength Alert For Campbell Soup (nasdaq.com)
- Campbell Soup: The Soup’s Gone Cold (seekingalpha.com)
Several analysts have recently weighed in on CPB shares. Sanford C. Bernstein downgraded Campbell Soup Company from a “market perform” rating to an “underperform” rating and set a $54.00 target price for the company. in a report on Tuesday, March 21st. Wells Fargo & Company reissued a “market perform” rating on shares of Campbell Soup Company in a report on Monday, February 27th. Piper Jaffray Companies started coverage on Campbell Soup Company in a report on Wednesday, May 24th. They issued a “neutral” rating and a $59.00 target price for the company. Finally, Credit Suisse Group reissued a “sell” rating on shares of Campbell Soup Company in a report on Wednesday, May 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.95.
Shares of Campbell Soup Company (NYSE CPB) opened at 53.58 on Friday. The stock has a market capitalization of $16.24 billion, a P/E ratio of 33.83 and a beta of 0.35. The firm’s 50-day moving average price is $57.18 and its 200 day moving average price is $59.00. Campbell Soup Company has a 1-year low of $52.58 and a 1-year high of $67.89.
Campbell Soup Company (NYSE:CPB) last posted its quarterly earnings results on Friday, May 19th. The company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.05. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.87 billion. Campbell Soup Company had a return on equity of 59.83% and a net margin of 6.17%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. Analysts expect that Campbell Soup Company will post $3.05 EPS for the current fiscal year.
In other news, Director Bennett Dorrance purchased 915,766 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The stock was acquired at an average cost of $57.34 per share, for a total transaction of $52,510,022.44. Following the completion of the purchase, the director now owns 24,978 shares of the company’s stock, valued at $1,432,238.52. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 37.30% of the stock is currently owned by company insiders.
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About Campbell Soup Company
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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