Keefe, Bruyette & Woods Increases CPB (NYSE:CPF) Price Target to $37.00

CPB (NYSE:CPF) had its target price increased by analysts at Keefe, Bruyette & Woods from $36.00 to $37.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 9.09% from the stock’s current price.

Several other equities research analysts have also recently commented on CPF. Weiss Ratings reissued a “buy (b)” rating on shares of CPB in a report on Monday, December 29th. Piper Sandler dropped their price target on CPB from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

CPB Price Performance

CPF stock traded up $0.63 during mid-day trading on Thursday, reaching $33.92. 46,268 shares of the company’s stock were exchanged, compared to its average volume of 172,843. The company has a market cap of $896.79 million, a price-to-earnings ratio of 11.86 and a beta of 0.88. The stock’s 50 day moving average is $32.48 and its 200 day moving average is $31.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.85. CPB has a 12-month low of $23.42 and a 12-month high of $35.01.

CPB (NYSE:CPF) last released its earnings results on Wednesday, January 28th. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.12. CPB had a return on equity of 13.64% and a net margin of 21.17%.The business had revenue of $76.29 million for the quarter, compared to the consensus estimate of $75.43 million. On average, research analysts expect that CPB will post 2.75 EPS for the current year.

Institutional Trading of CPB

Large investors have recently made changes to their positions in the business. HoldCo Asset Management LP lifted its holdings in CPB by 107.8% in the 3rd quarter. HoldCo Asset Management LP now owns 2,281,029 shares of the financial services provider’s stock valued at $69,206,000 after purchasing an additional 1,183,399 shares in the last quarter. Millennium Management LLC lifted its stake in CPB by 433.6% in the first quarter. Millennium Management LLC now owns 293,335 shares of the financial services provider’s stock valued at $7,932,000 after buying an additional 238,367 shares during the last quarter. Invesco Ltd. grew its holdings in CPB by 122.4% during the fourth quarter. Invesco Ltd. now owns 185,893 shares of the financial services provider’s stock worth $5,792,000 after acquiring an additional 102,301 shares during the period. Hsbc Holdings PLC purchased a new stake in CPB during the fourth quarter worth $3,171,000. Finally, Qube Research & Technologies Ltd boosted its position in CPB by 371.1% during the second quarter. Qube Research & Technologies Ltd now owns 114,740 shares of the financial services provider’s stock worth $3,216,000 after purchasing an additional 90,385 shares in the last quarter. 88.42% of the stock is owned by hedge funds and other institutional investors.

About CPB

Charoen Pokphand Foods Public Company Limited (NYSE: CPF) is a Thailand‐based integrated agro‐industrial and food conglomerate. Headquartered in Bangkok, the company is a subsidiary of the Charoen Pokphand Group and has grown into one of the world’s leading producers of livestock feed, meat and seafood products. CPF’s businesses span animal feed milling, animal breeding and hatchery operations, meat and seafood processing, and the distribution of fresh, frozen and value‐added food products.

CPF’s product portfolio includes poultry, swine and aquaculture feed; fresh and frozen chicken and pork; shrimp and other seafood; as well as ready‐to‐eat and ready‐to‐cook food items.