Benchmark Begins Coverage on CPB (NYSE:CPF)

Research analysts at Benchmark assumed coverage on shares of CPB (NYSE:CPFGet Free Report) in a report issued on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $44.00 price target on the financial services provider’s stock. Benchmark’s price target suggests a potential upside of 14.73% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Piper Sandler dropped their price objective on shares of CPB from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings raised shares of CPB from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, June 18th. Finally, Keefe, Bruyette & Woods increased their price target on shares of CPB from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, CPB currently has a consensus rating of “Buy” and a consensus target price of $39.33.

View Our Latest Research Report on CPB

CPB Stock Performance

Shares of CPF opened at $38.35 on Thursday. The firm has a market capitalization of $1.00 billion, a P/E ratio of 12.83 and a beta of 0.84. 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 one year low of $25.62 and a one year high of $39.20. The business has a fifty day moving average of $35.76 and a 200 day moving average of $33.67.

CPB (NYSE:CPFGet Free Report) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $72.93 million for the quarter, compared to the consensus estimate of $74.30 million. CPB had a return on equity of 13.93% and a net margin of 21.96%. As a group, sell-side analysts anticipate that CPB will post 3.17 EPS for the current year.

Hedge Funds Weigh In On CPB

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of CPB by 15.8% during the 1st quarter. Royal Bank of Canada now owns 9,131 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 1,245 shares during the period. AQR Capital Management LLC increased its stake in CPB by 1.6% in the 1st quarter. AQR Capital Management LLC now owns 169,809 shares of the financial services provider’s stock worth $4,592,000 after buying an additional 2,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in CPB by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,849 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 670 shares during the period. Millennium Management LLC raised its holdings in CPB by 433.6% during the first quarter. Millennium Management LLC now owns 293,335 shares of the financial services provider’s stock valued at $7,932,000 after acquiring an additional 238,367 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of CPB in the first quarter valued at about $248,000. 88.42% of the stock is currently owned by institutional investors.

About CPB

(Get Free Report)

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.

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