Wells Fargo Reaffirms Their Hold Rating on Campbell Soup (CPB)
Wells Fargo analyst Christopher Carey maintained a Hold rating on Campbell Soup today and set a price target of $30.00.
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According to TipRanks, Carey is a 2-star analyst with an average return of 0.6% and a 46.92% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as General Mills, Church & Dwight, and Kimberly Clark.
Campbell Soup has an analyst consensus of Hold, with a price target consensus of $31.13.
Based on Campbell Soup’s latest earnings release for the quarter ending November 2, the company reported a quarterly revenue of $2.68 billion and a net profit of $194 million. In comparison, last year the company earned a revenue of $2.77 billion and had a net profit of $218 million
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPB in relation to earlier this year. Last month, Charles A. III Brawley, the EVP, Gen Counsel, and Corp Sec of CPB sold 11,550.00 shares for a total of $325,017.00.
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