ConAgra Foods Price Target Lowered to $38.00 at Janney Montgomery Scott (CAG)

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Research analysts at Janney Montgomery Scott reduced their price objective on shares of ConAgra Foods (NYSE:CAG) from $42.00 to $38.00 in a report released on Thursday, AR Network reports. Janney Montgomery Scott’s target price points to a potential upside of 29.43% from the stock’s previous close.

A number of other analysts have also recently weighed in on CAG. Analysts at Deutsche Bank cut their price target on shares of ConAgra Foods from $35.00 to $31.00 in a research note on Wednesday, February 12th. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of ConAgra Foods from $35.00 to $31.00 in a research note on Wednesday, February 12th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of ConAgra Foods from $41.00 to $35.00 in a research note on Wednesday, February 12th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ConAgra Foods has a consensus rating of “Hold” and an average target price of $34.18.

Shares of ConAgra Foods (NYSE:CAG) traded up 1.24% on Thursday, hitting $29.36. The stock had a trading volume of 5,181,106 shares. ConAgra Foods has a 52-week low of $28.60 and a 52-week high of $37.28. The stock has a 50-day moving average of $32.37 and a 200-day moving average of $32.71. The company has a market cap of $12.343 billion and a price-to-earnings ratio of 17.52.

ConAgra Foods (NYSE:CAG) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.07. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 26.5% on a year-over-year basis. Analysts expect that ConAgra Foods will post $2.24 EPS for the current fiscal year.

ConAgra Foods, Inc (NYSE:CAG) is a food company.

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