Is it Now Time For Investors to Consider Buying Campbell Soup (NYSE:CPB) Shares? Argus Upgrades The Company

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Campbell Soup (NYSE:CPB) Stock Upgrade

In a recent research report revealed on 1 December, expert analysts at the equities division of Argus boosted their rating for shares of Campbell Soup (NYSE:CPB) from a “Hold” to a solid “Buy”. They now have a $65.0 target PPS on CPB or a 24.43% upside from the current share price.

From a total of 11 analysts covering Campbell Soup (NYSE:CPB) stock, 1 rate it a ”Buy”, 5 a “Sell”, and 9 a ”Hold”. This means that 7% of the ratings are positive. The highest target price is $55 while the lowest target price is $47. The mean of all analyst targets is $50.55 with a -1.05% below today’s ($52.22) stock price. Campbell Soup was the topic of 7 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Argus Research upgraded shares on December 1 to “Buy” rating. RBC Capital Markets maintained shares with “Sector Perform” rating and $50 target share price in a report from a July 23. RBC Capital Markets maintained CPB stock in a recent report from September 4 with “Sector Perform” rating.

The stock decreased 0.04% or $0.02 during the last trading session, striking $52.22. Approximately shares of stock traded hands. Campbell Soup Company (NYSE:CPB) has risen 14.89% since April 28, 2015 and is uptrending. It has outperformed by 16.51% the S&P500.

Campbell Soup Company manufactures and markets food products. The company has a market cap of $16.44 billion. The Company’s divisions include U.S. It has 25.06 P/E ratio. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S.

According to Zacks Investment Research, “Campbell Soup Company, together with its consolidated subsidiaries, is a global manufacturer and marketer of high quality, branded convenience food products. The company operates in three business segments: Soup and Sauces, Biscuits and Confectionery, and Away From Home.” Get a free copy of the Zacks research report on Campbell Soup Company (CPB)

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