Bernstein has recently raised Campbell Soup Company (CPB) stock to Outperform rating, as announced on October 7, 2024, according to Finviz. Earlier, on September 27, 2024, DA Davidson had reduced the stock from a Buy to Neutral, setting a price target of $51. Argus also raised Buy rating with a price target of $59. Additionally, JP Morgan raised Overweight rating on June 26, 2024, with a target price of $52. Bernstein analysts, in their report published on May 15, 2024, also raised Mkt Perform rating and set a price target of $42 for Campbell Soup Company’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Campbell Soup Company (CPB) Stock Trading Recap
On Tuesday, Campbell Soup Company (CPB) stock saw a modest uptick, ending the day at $47.36 which represents a slight increase of $0.10 or 0.21% from the prior close of $47.26. The stock opened at $47.26 and touched a low of $47.05 during the day, reaching a high of $47.52. The volume of shares traded was 1.37 million falling short of the average volume of 2.34 million.
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CPB Stock Performance and Moving Averages
In recent trading, Campbell Soup Company (CPB) stock price has shown some volatility, fluctuating -2.07% over the last five trades and -6.12% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 5.34%, and it has gained 1.92% in the previous three months. Currently, CPB is trading at -1.55%, -4.35%, and 3.51% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CPB, a Consumer Defensive sector stock, is trading -10.31% below its 52-week high but remains 19.96% above its 52-week low. The Average True Range (ATR) (14 days) of 0.83 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Campbell Soup Company’s Profitability and Valuation Ratios
Campbell Soup Company’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 13.71% and a profit margin of 5.88%, with a gross margin of 5.34%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Campbell Soup Company’s market capitalization stands at $14.10 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 24.99, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 14.01. Additionally, the Price-to-Sales Ratio is 1.46, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.72, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 34.09% of Campbell Soup Company (CPB)’s shares, while financial institutions hold 56.43%.
Notable insider trades include Polomski Stanley, Senior VP and Controller at Campbell Soup Company (CPB), who sold 13440 shares on Oct 01 ’24, at $48.34 each, totaling $0.65 million. On Dec 12 ’23, Sanzio Anthony, Executive Vice President, sold 3000 shares for $44.31 each, amounting to $0.13 million.
