CPB (NYSE:CPF) Stock Rating Lowered by Zacks Research

CPB (NYSE:CPF) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research firms also recently issued reports on CPF. Benchmark started coverage on CPB in a report on Thursday, July 9th. They issued a “buy” rating and a $44.00 price objective on the stock. Weiss Ratings upgraded CPB from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.33.

CPB Trading Down 0.5%

Shares of CPF stock opened at $37.80 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $973.26 million, a PE ratio of 12.12 and a beta of 0.85. The company has a 50-day moving average of $38.40 and a two-hundred day moving average of $35.26. CPB has a 1-year low of $27.38 and a 1-year high of $40.99.

CPB (NYSE:CPF) last released its quarterly earnings results on Friday, July 24th. The financial services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. CPB had a return on equity of 14.20% and a net margin of 22.52%.The company had revenue of $77.45 million for the quarter, compared to analysts’ expectations of $75.69 million. During the same period in the prior year, the firm earned $0.67 earnings per share. On average, analysts predict that CPB will post 3.32 EPS for the current year.

Institutional Trading of CPB

A number of large investors have recently modified their holdings of CPF. Principal Financial Group Inc. raised its position in CPB by 27.1% in the 1st quarter. Principal Financial Group Inc. now owns 162,431 shares of the financial services provider’s stock valued at $5,191,000 after purchasing an additional 34,591 shares in the last quarter. Vanguard Group Inc. raised its holdings in CPB by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,079,266 shares of the financial services provider’s stock valued at $64,790,000 after acquiring an additional 24,933 shares in the last quarter. Hsbc Holdings PLC purchased a new position in CPB in the fourth quarter worth approximately $3,171,000. Hennion & Walsh Asset Management Inc. lifted its stake in CPB by 94.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 27,727 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 13,499 shares during the last quarter. Finally, Globeflex Capital L P acquired a new position in CPB during the 2nd quarter worth approximately $900,000. Hedge funds and other institutional investors own 88.42% of the company’s stock.

CPB Company Profile

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.