Conagra Brands (NYSE:CAG) Earns Neutral Rating from Analysts at UBS Group

UBS Group assumed coverage on shares of Conagra Brands (NYSE:CAG - Get Free Report) in a note issued to investors on Monday, MarketBeat.com reports. The brokerage set a "neutral" rating and a $22.00 price target on the stock. UBS Group's price objective would suggest a potential upside of 2.06% from the stock's current price.

CAG has been the topic of several other research reports. Barclays cut their price objective on shares of Conagra Brands from $29.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. JPMorgan Chase & Co. lowered their target price on shares of Conagra Brands from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Stifel Nicolaus cut their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company decreased their price target on Conagra Brands from $27.00 to $23.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Finally, Bank of America downgraded Conagra Brands from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $27.00 to $20.00 in a research note on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $25.36.

Conagra Brands Stock Performance

Shares of CAG opened at $21.56 on Monday. The company has a market capitalization of $10.29 billion, a PE ratio of 21.13, a PEG ratio of 1.76 and a beta of 0.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.70. The company's 50 day moving average price is $23.65 and its 200 day moving average price is $25.38. Conagra Brands has a 52 week low of $21.51 and a 52 week high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.92 billion. Conagra Brands had a return on equity of 13.76% and a net margin of 4.13%. The company's revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. Research analysts expect that Conagra Brands will post 2.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Conagra Brands

Several hedge funds have recently modified their holdings of the business. Alpine Bank Wealth Management acquired a new position in Conagra Brands during the 1st quarter valued at $26,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Conagra Brands during the first quarter valued at about $27,000. Capital Advisors Ltd. LLC raised its position in shares of Conagra Brands by 82.3% during the first quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company's stock valued at $27,000 after buying an additional 452 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Conagra Brands in the fourth quarter valued at about $29,000. Finally, Golden State Wealth Management LLC grew its position in Conagra Brands by 235.2% during the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company's stock worth $28,000 after buying an additional 741 shares in the last quarter. 83.75% of the stock is owned by institutional investors.

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.

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