What Technical Indicators Show About Campbell Soup Company (CPB)?


Campbell Soup Company (NYSE:CPB) finished Wednesday with a subtraction of -$0.51 to close at $57.04, a downside of -0.89 percent. An average of 1,574,500 shares of common stock have been traded in the last five days. There was a gain of $0.86 in the past week, and it reached a new high 33 times over the past 12 months. The last 20 days have seen an average of 2,973,210 shares traded, while the 50-day average volume stands at 2,521,714.

CPB stock has increased by 7.79% in the last month. The company shares reached their 1-month lowest point of $52.15 on 11/30/22. With the stock rallying to its 52-week high on 12/28/22, shares of the company touched a low of $41.72 and a high of $57.65 in 52 weeks. It has reached a new high 31 times so far this year and achieved 31.25% or $13.58 in price. In spite of this, the price is down -1.06% from the 52-week high.

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Insider Transactions

CPB stock investors should be aware that Campbell Soup Company (CPB) stock had its last reported insider trading activity 8 days ago on Dec 21. In this transaction, the insider spent $2,123,948. Executive Vice President, Sanzio Anthony, disposed of 1,800 shares at a price of $56.10 on Dec 08. The insider now owns more than $100,980 worth of shares. Prior to that, Executive Vice President Ciongoli Adam G. went on to Sale 44,232 shares at $56.46 each on Dec 08. An amount of $2,497,339 was transacted.

Valuation Metrics

Campbell Soup Company (CPB) has a trailing price-to-earnings (P/E) ratio of 21.69. The stock’s beta is 0.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.90, the price-to-book (PB) ratio at 4.92, and the price-to-cash flow ratio at 40.34.

The company has a payout ratio of 56.00%. The company’s most recent quarterly dividend payment was $0.37 a share, without any change from last year. Its latest increase dividend $0.02 reported on Wednesday December 9 2020.

Financial Health

The quick ratio of Campbell Soup Company for the three months ended July 30 was 0.30, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.15 and a total debt to equity ratio of 1.40 for the quarter ending July 30. Its gross profit as reported stood at $2.63 billion compared to revenue of $8.56 billion.

Earnings Surprise

For the three-month period that ended July 30, Campbell Soup Company had $3.99 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $297.0 million in the quarter, while revenues were grew 12.12%. The analyst consensus anticipated Campbell Soup Company’s latest quarter earnings to come in at $0.56 per share, but it turned out to be $0.56, a 0.00% surprise. For the quarter, EBITDA amounted to $527.0 million. Shareholders own equity worth $299.47 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Campbell Soup Company (CPB) price momentum. RSI 9-day as of the close on 28 December was 60.20%, suggesting the stock is Neutral, with historical volatility in this time frame at 11.74%.

As of today, CPB’s price is $57.12 +1.53% or $0.86 from its 5-day moving average. CPB is currently trading +8.40% higher than its 20-day SMA and +15.42% higher than its 100-day SMA. However, the stock’s current price level is +14.06% above the SMA50 and +33.24% above the SMA200.

The stochastic %K and %D were 86.21% and 90.16%, respectively, and the average true range (ATR) was 1.00. With the 14-day stochastic at 68.52% and the average true range at 1.07, the RSI (14) stands at 61.81%. The stock has reached 0.34 on the 9-day MACD Oscillator while the 14-day reading was at 0.47.

Analyst Ratings

Exane BNP Paribas launched coverage on Campbell Soup Company (NYSE: CPB) in its analyst report released on November 15, 2022. The firm assigned the stock an Underperform rating. The consensus rating for Campbell Soup Company (CPB) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell CPB, while 12 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is CPB’s price target for the next 12 months?

Analysts predict a range of price targets between $39.00 and $61.00, with a median target of $53.00. Taking a look at these predictions, the average price target given by analysts for Campbell Soup Company (CPB) stock is $52.13.


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