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RBC Capital Stick to Their Buy Rating for Campbell Soup Company

Feb 21, 2021 08:47PM ET
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RBC Capital analyst Nik Modi maintained a Buy rating on Campbell Soup Company (NYSE:CPB) on Friday, setting a price target of $59, which is approximately 27.37% above the present share price of $46.32.

Modi expects Campbell Soup Company to post earnings per share (EPS) of $1.02 for the first quarter of 2021.

The current consensus among 6 TipRanks analysts is for a Hold rating of shares in Campbell Soup, with an average price target of $51.67.
The analysts price targets range from a high of $59 to a low of $48.

In its latest earnings report, released on 10/31/2020, the company reported a quarterly revenue of $2.34 billion and a net profit of $438 million. The company's market cap is $14.03 billion.

According to TipRanks.com, RBC Capital analyst Nik Modi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.4% and a 71.87% success rate.

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.

RBC Capital Stick to Their Buy Rating for Campbell Soup Company
 

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