Jefferies Maintains a 'Hold' on Campbell Soup (CPB); Slight Uptick in Growth
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Price: $23.17 -0.47%
Rating Summary:
0 Buy, 19 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 19 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies maintains a 'Hold' on Campbell Soup (NYSE: CPB) price target of $36.00.
Analyst, Thilo Wrede, said, "CPB’s 4Q12 adj. EPS of $0.41 beat our expectations by 3?, helped by condensed soup inventory loading and taxes. More importantly, the guidance for FY13 is above our and the consensus forecast but most of the growth seems to come from the Bolthouse acquisition. While the core business appears to have stabilized, CPB still is a long way from reaching a healthier organic growth rate, in our view, and we remain cautious on the name."
FY EPS estimate raised from $2.51 to $2.54 and next year raised from $2.68 to $2.74.
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 $35.12 yesterday.
Analyst, Thilo Wrede, said, "CPB’s 4Q12 adj. EPS of $0.41 beat our expectations by 3?, helped by condensed soup inventory loading and taxes. More importantly, the guidance for FY13 is above our and the consensus forecast but most of the growth seems to come from the Bolthouse acquisition. While the core business appears to have stabilized, CPB still is a long way from reaching a healthier organic growth rate, in our view, and we remain cautious on the name."
FY EPS estimate raised from $2.51 to $2.54 and next year raised from $2.68 to $2.74.
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 $35.12 yesterday.
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