Conagra Brands, Inc. (NYSE:CAG) Receives Average Rating of “Hold” from Brokerages

Conagra Brands, Inc. (NYSE:CAGGet Free Report) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.87.

Several research analysts have commented on CAG shares. Citigroup began coverage on shares of Conagra Brands in a research report on Thursday, February 1st. They issued a “neutral” rating and a $30.00 target price for the company. Wells Fargo & Company initiated coverage on Conagra Brands in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $31.00 price objective for the company. Royal Bank of Canada cut their target price on Conagra Brands from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 3rd. Finally, Evercore ISI cut Conagra Brands from an “outperform” rating to an “in-line” rating and set a $32.00 price target for the company. in a research note on Monday, December 11th.

View Our Latest Research Report on Conagra Brands

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CAG. Thrivent Financial for Lutherans increased its holdings in shares of Conagra Brands by 1.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,348 shares of the company’s stock worth $958,000 after purchasing an additional 310 shares during the period. Westchester Capital Management Inc. grew its holdings in shares of Conagra Brands by 0.6% during the 2nd quarter. Westchester Capital Management Inc. now owns 64,675 shares of the company’s stock worth $2,181,000 after purchasing an additional 367 shares in the last quarter. Equitable Holdings Inc. increased its position in shares of Conagra Brands by 0.5% during the first quarter. Equitable Holdings Inc. now owns 81,085 shares of the company’s stock valued at $2,722,000 after purchasing an additional 373 shares during the period. Laurel Wealth Advisors Inc. lifted its position in Conagra Brands by 2.9% in the first quarter. Laurel Wealth Advisors Inc. now owns 13,726 shares of the company’s stock worth $461,000 after purchasing an additional 388 shares during the period. Finally, Pinnacle Associates Ltd. boosted its stake in Conagra Brands by 1.4% during the third quarter. Pinnacle Associates Ltd. now owns 28,498 shares of the company’s stock worth $781,000 after buying an additional 393 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Conagra Brands Stock Up 0.6 %

Shares of Conagra Brands stock opened at $28.07 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.31 and a debt-to-equity ratio of 0.83. The business’s 50 day simple moving average is $28.42 and its 200-day simple moving average is $28.32. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 3.01 and a beta of 0.42. Conagra Brands has a twelve month low of $25.16 and a twelve month high of $38.94.

Conagra Brands (NYSE:CAGGet Free Report) last issued its earnings results on Thursday, January 4th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.03. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.23 billion. Conagra Brands had a return on equity of 14.78% and a net margin of 8.09%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share. Equities research analysts forecast that Conagra Brands will post 2.59 earnings per share for the current year.

Conagra Brands Company Profile

(Get Free Report

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.

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Analyst Recommendations for Conagra Brands (NYSE:CAG)

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