Campbell Soup Co. (CPB) concluded trading on Wednesday at a closing price of $45.63, with 4.39 million shares of worth about $200.47 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.12% during that period and on June 26, 2024 the price saw a gain of about 3.26%. Currently the company’s common shares owned by public are about 298.00M shares, out of which, 196.98M shares are available for trading.
Stock saw a price change of 1.49% in past 5 days and over the past one month there was a price change of 0.64%. Year-to-date (YTD), CPB shares are showing a performance of 5.55% which decreased to -0.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $37.94 but also hit the highest price of $46.97 during that period. The average intraday trading volume for Campbell Soup Co. shares is 2.64 million. The stock is currently trading 3.83% above its 20-day simple moving average (SMA20), while that difference is up 2.05% for SMA50 and it goes to 6.36% higher than SMA200.
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Campbell Soup Co. (NYSE: CPB) currently have 298.00M outstanding shares and institutions hold larger chunk of about 54.59% of that.
The stock has a current market capitalization of $13.62B and its 3Y-monthly beta is at 0.15. PE ratio of stock for trailing 12 months is 18.47, while it has posted earnings per share of $2.47 in the same period. Its PEG reads 3.54 and has Quick Ratio of 0.24 while making debt-to-equity ratio of 1.91. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CPB, volatility over the week remained 2.51% while standing at 2.28% over the month.
Stock’s fiscal year EPS is expected to rise by 2.70% while it is estimated to increase by 4.85% in next year. EPS is likely to shrink at an annualized rate of 5.22% for next 5-years, compared to annual growth of 26.96% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on Jun-27-24 offering an Overweight rating for the stock and assigned a target price range of between $45 and $52 to it. Coverage by Bernstein stated Campbell Soup Co. (CPB) stock as a Mkt perform in their note to investors on May 15, 2024, suggesting a price target of $46 for the stock. On March 13, 2024, Evercore ISI Resumed their recommendations, while on March 01, 2024, DA Davidson Initiated their ratings for the stock with a price target of $48. Stock get a Sell rating from Citigroup on February 01, 2024.
