Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $61.910 on Campbell Soup Company (NYSE:CPB) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.970 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Campbell Soup Company (NYSE:CPB) stands at 26.321.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Campbell Soup Company Common St, the PEG ratio for coming 3-5 years is 2.700.
The technical analysis highlights that Campbell Soup Company Common St current is trading $-3.841 points away or -6.205% from its 50-day moving average of $61.906. Further it is trading $-4.634 or -7.391% away its 200-day moving average of $62.699.
The 52-week high of Campbell Soup Company (NYSE:CPB) was $67.890 while lowest point recorded in 52-week was $47.440. It implies if stock price makes a movement of over $-9.825, it will record a new 52-week high. In the case of +22.397% drop, it will touch a new 52-week low.
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