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Campbell Soup Co - CPB trading signal

US Stock Price Signals and Analysis

Good Morning Traders,

Today, Oct. 07,  Lift-Off offers a SHORT trading signal on the US stock Campbell Soup Co (Ticker: CPB) listed on the NYSE and part of the S&P500 index, which was formed by the close of Oct. 6.

The stock closed at $46.81 per share, marking a -1.64 percent decline.

The company operates in the "Consumer Non-Durable Goods" sector specifically in the "Food: Diversified Products Industry."

The company has good financial robustness data, e.g. Cash-To-Debt at 0.26 and Equity-to-Asset 0.56, but with a ROIC significantly higher than WACC.

Future growth projection is low, but with a more than good profitability level.

At this time, the price is moderately undervalued relative to the intrinsic value attributed to it.

Turnover is up, net revenue down  from 2019, debt up from 2020, with a huge increase in 2021, which have caused available cash to decline.

Next earnings announcement for Q3 2022: November 22, 2022

Below chart of Campbell Soup Co - CPB - with signal detected by Lift-Off 

Some information Campbell Soup Co

Campbell Soup Co. engages in the manufacture and marketing of food and beverage products.

Operates in the meals and beverages business which includes soups, meals and beverages in retail and foodservice; it also engages in Snacks by offering cookies, crackers, baked goods and frozen foods.

The company was founded by Joseph Campbell and Abraham Anderson in 1869 and is headquartered in Camden, NJ.

Financial Overview: CPB's current market capitalization is US$14,247B. The company's TTM EPS is 2.51 USD, dividend yield is 3.11% and PE is 19.02. Campbell Soup Company's next earnings release date is Nov. 22. The estimate is $0.86 USD.

Accounts, including sales, expenses, profit and loss: CPB's total sales for the latest quarter is $1.99B USD, down 6.71% from the previous quarter. Net income in Q4 22 is 96.00M USD.

Overview data and accounts source: Tradingview.com

Signal board October 07, 2022

SHORT - Campbell Soup Co - CPB

Input price: $46.81 (and any opening price)

Price stop loss or adjustment zone: $48.85

Price take profit zone 1: $44.77 

Price take profit zone 1: $44.77 

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