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Wells Fargo Reaffirms Their Hold Rating on Campbell Soup (CPB)


Wells Fargo analyst John Baumgartner maintained a Hold rating on Campbell Soup (NYSE: CPB) today. The company’s shares opened today at $37.03.

According to TipRanks.com, Baumgartner is a 3-star analyst with an average return of 6.2% and a 43.2% success rate. Baumgartner covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Post Holdings Inc, and Nomad Foods Ltd.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Campbell Soup with a $38.33 average price target.

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Campbell Soup’s market cap is currently $11.19B and has a P/E ratio of 43.24. The company has a Price to Book ratio of 8.21.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CPB in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Campbell Soup Co. engages in manufacture and marketing of convenience food products such as soup, simple meals, snacks, and healthy beverages. It operates through the following segments: Americas Simple Meals and Beverages; Global Biscuits and Snacks; and Campbell Fresh.