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

Conagra Brands, Inc. (NYSE:CAG) has earned an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $28.33.

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price target on Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Wells Fargo & Company cut their target price on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus decreased their price target on shares of Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Citigroup cut their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 11th. Finally, Bank of America decreased their target price on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, December 20th.

Conagra Brands Stock Performance

Shares of CAG opened at $25.89 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The firm’s fifty day simple moving average is $25.63 and its two-hundred day simple moving average is $27.93. Conagra Brands has a 12 month low of $23.06 and a 12 month high of $33.24. The stock has a market capitalization of $12.36 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18.

Conagra Brands (NYSE:CAG) last announced its earnings results on Thursday, December 19th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, analysts predict that Conagra Brands will post 2.35 EPS for the current year.

Institutional Trading of Conagra Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in Conagra Brands by 35.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,208 shares of the company’s stock worth $1,560,000 after buying an additional 14,809 shares in the last quarter. Capstone Triton Financial Group LLC grew its stake in shares of Conagra Brands by 1.5% in the 4th quarter. Capstone Triton Financial Group LLC now owns 35,860 shares of the company’s stock worth $995,000 after acquiring an additional 535 shares in the last quarter. Probity Advisors Inc. raised its holdings in shares of Conagra Brands by 15.0% in the fourth quarter. Probity Advisors Inc. now owns 15,898 shares of the company’s stock valued at $441,000 after purchasing an additional 2,076 shares during the last quarter. Siemens Fonds Invest GmbH bought a new position in shares of Conagra Brands during the fourth quarter valued at about $86,000. Finally, QSM Asset Management Ltd purchased a new position in Conagra Brands during the fourth quarter worth about $7,430,000. 83.75% of the stock is owned by institutional investors.

Conagra Brands Company Profile

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.