Conagra Brands (NYSE:CAG – Get Free Report) had its target price decreased by stock analysts at Stifel Nicolaus from $43.00 to $36.00 in a note issued to investors on Friday, FlyOnTheWall reports. Stifel Nicolaus’ price objective suggests a potential upside of 9.42% from the company’s current price.
Several other research analysts have also weighed in on the stock. StockNews.com lowered shares of Conagra Brands from a “buy” rating to a “hold” rating in a research report on Saturday, May 20th. Jefferies Financial Group downgraded Conagra Brands from a “buy” rating to a “hold” rating and dropped their price objective for the company from $46.00 to $38.00 in a research note on Wednesday, July 5th. Deutsche Bank Aktiengesellschaft decreased their target price on Conagra Brands from $38.00 to $36.00 in a research report on Thursday, June 29th. UBS Group cut their price target on Conagra Brands from $44.00 to $40.00 in a research note on Monday, July 10th. Finally, Morgan Stanley lowered their price objective on shares of Conagra Brands from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 6th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $39.00.
Conagra Brands Stock Performance
NYSE CAG opened at $32.90 on Friday. The stock has a market capitalization of $15.69 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.91 and a beta of 0.54. The business’s 50 day moving average is $34.70 and its two-hundred day moving average is $36.44. Conagra Brands has a 12-month low of $32.18 and a 12-month high of $41.30. The company has a current ratio of 0.76, a quick ratio of 0.32 and a debt-to-equity ratio of 0.80.
Institutional Investors Weigh In On Conagra Brands
A number of institutional investors have recently modified their holdings of the stock. Institutional & Family Asset Management LLC bought a new position in Conagra Brands during the 1st quarter worth approximately $26,000. Delta Asset Management LLC TN acquired a new position in Conagra Brands in the fourth quarter worth $27,000. Core Alternative Capital bought a new stake in Conagra Brands during the first quarter valued at $31,000. ST Germain D J Co. Inc. bought a new position in shares of Conagra Brands in the 4th quarter worth about $33,000. Finally, Ronald Blue Trust Inc. boosted its holdings in shares of Conagra Brands by 117.5% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,031 shares of the company’s stock valued at $34,000 after buying an additional 557 shares during the period. Institutional investors and hedge funds own 88.80% of the company’s stock.
About Conagra Brands
Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates in four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels in the United States.
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