Barclays Lowers Conagra Brands (NYSE:CAG) Price Target to $32.00

Conagra Brands (NYSE:CAG) had its price target lowered by research analysts at Barclays from $33.00 to $32.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 15.77% from the company’s previous close.

A number of other analysts also recently issued reports on CAG. Citigroup reduced their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 11th. Bank of America reduced their price target on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $29.00 price objective on shares of Conagra Brands in a research report on Friday, December 20th. BNP Paribas upgraded shares of Conagra Brands to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company lowered their price target on shares of Conagra Brands from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Conagra Brands has a consensus rating of “Hold” and an average price target of $30.75.

Conagra Brands Trading Up 0.4 %

Conagra Brands stock opened at $27.64 on Monday. Conagra Brands has a 1 year low of $26.21 and a 1 year high of $33.24. The firm’s 50 day moving average price is $28.13 and its 200-day moving average price is $29.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.94 and a quick ratio of 0.33. The stock has a market cap of $13.19 billion, a P/E ratio of 26.83, a PEG ratio of 2.91 and a beta of 0.31.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data 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 net margin of 4.14% and a return on equity of 13.71%. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue was down .4% on a year-over-year basis. On average, equities analysts predict that Conagra Brands will post 2.58 earnings per share for the current fiscal year.

Institutional Trading of Conagra Brands

Institutional investors have recently added to or reduced their stakes in the company. Courier Capital LLC raised its holdings in shares of Conagra Brands by 1.3% in the third quarter. Courier Capital LLC now owns 27,062 shares of the company’s stock worth $880,000 after buying an additional 355 shares during the period. CWM LLC increased its stake in Conagra Brands by 0.4% in the third quarter. CWM LLC now owns 87,222 shares of the company’s stock worth $2,836,000 after purchasing an additional 359 shares during the period. Empirical Finance LLC lifted its position in shares of Conagra Brands by 2.3% during the third quarter. Empirical Finance LLC now owns 16,379 shares of the company’s stock worth $533,000 after purchasing an additional 362 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Conagra Brands by 0.7% during the third quarter. Arkadios Wealth Advisors now owns 52,769 shares of the company’s stock valued at $1,716,000 after purchasing an additional 376 shares during the period. Finally, Bridgewater Advisors Inc. grew its holdings in shares of Conagra Brands by 1.5% in the third quarter. Bridgewater Advisors Inc. now owns 25,224 shares of the company’s stock worth $820,000 after purchasing an additional 376 shares during the last quarter. Institutional investors own 83.75% of the company’s stock.

About Conagra Brands

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.