Gabelli Maintains a 'Buy' on Campbell Soup (CPB); A Bolt-On Acquisition
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Price: $45.64 -0.26%
Rating Summary:
1 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
1 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
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Gabelli maintains a 'Buy' on Campbell Soup (NYSE: CPB) price target of $50.00.
Analyst, Sarah Donnelly, said, "Campbell continues to strive for stronger top-line growth as it stabilizes US soup, reinvests to expand its product portfolio, introduces new products, improves its marketing/merchandising mix and focuses on geographic expansion and adjacencies. Bolthouse is complementary to Campbell’s V8 beverage portfolio, which generates over $960 million globally in annual revenue, while it also presents opportunities for CPB to leverage its vegetable expertise and scale. We would expect further bolt-on acquisitions as it looks to enhance its presence in the refrigerated and fresh foods section of the grocer. Our initial earnings estimates increase to approximately $2.60 per share for FY2013. CPB’s valuation remains attractive, as shares are currently trading at 8.7x revised 2013PF EBITDA and 12.5x P/E."
For an analyst ratings summary and ratings history on Campbell Soup click here. For more ratings news on Campbell Soup click here.
Shares of Campbell Soup closed at $32.72 yesterday, with a 52 week range of $29.69-$35.02.
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Analyst, Sarah Donnelly, said, "Campbell continues to strive for stronger top-line growth as it stabilizes US soup, reinvests to expand its product portfolio, introduces new products, improves its marketing/merchandising mix and focuses on geographic expansion and adjacencies. Bolthouse is complementary to Campbell’s V8 beverage portfolio, which generates over $960 million globally in annual revenue, while it also presents opportunities for CPB to leverage its vegetable expertise and scale. We would expect further bolt-on acquisitions as it looks to enhance its presence in the refrigerated and fresh foods section of the grocer. Our initial earnings estimates increase to approximately $2.60 per share for FY2013. CPB’s valuation remains attractive, as shares are currently trading at 8.7x revised 2013PF EBITDA and 12.5x P/E."
For an analyst ratings summary and ratings history on Campbell Soup click here. For more ratings news on Campbell Soup click here.
Shares of Campbell Soup closed at $32.72 yesterday, with a 52 week range of $29.69-$35.02.
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