Conagra Brands (NYSE:CAG) Given "Sell (D+)" Rating at Weiss Ratings

Key Points

• Conagra Brands has been restated with a "Sell (D+)" rating by Weiss Ratings, indicating a lack of confidence in the stock's performance.
• Despite varied analyst opinions, the average target price for Conagra Brands is currently $21.92, with several analysts recommending a hold.
• Currently trading at $18.71, Conagra Brands reported a net margin of 7.42% and a quarterly revenue decline of 5.8% year-over-year.

Conagra Brands (NYSE:CAG - Get Free Report)'s stock had its "sell (d+)" rating restated by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently weighed in on CAG. Wells Fargo & Company raised their price target on Conagra Brands from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. initiated coverage on Conagra Brands in a research report on Wednesday, August 20th. They set a "neutral" rating and a $20.00 price target on the stock. Morgan Stanley raised their price target on Conagra Brands from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 24th. Stifel Nicolaus lowered their price target on Conagra Brands from $26.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. Finally, Bank of America downgraded Conagra Brands from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $27.00 to $20.00 in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Conagra Brands presently has an average rating of "Reduce" and an average target price of $21.92.

Conagra Brands Price Performance

NYSE:CAG traded down $0.20 during trading hours on Wednesday, hitting $18.71. 8,415,025 shares of the company's stock traded hands, compared to its average volume of 11,859,119. The firm has a market cap of $8.95 billion, a P/E ratio of 10.63, a P/E/G ratio of 1.80 and a beta of 0.03. Conagra Brands has a 52 week low of $17.89 and a 52 week high of $30.47. The business's fifty day simple moving average is $18.96 and its two-hundred day simple moving average is $21.45. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The firm's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, research analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Institutional Trading of Conagra Brands

Several large investors have recently modified their holdings of CAG. Norges Bank bought a new stake in shares of Conagra Brands in the second quarter worth about $172,475,000. Ameriprise Financial Inc. boosted its position in Conagra Brands by 233.7% during the 1st quarter. Ameriprise Financial Inc. now owns 5,985,256 shares of the company's stock valued at $159,625,000 after acquiring an additional 4,191,555 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Conagra Brands by 315.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,120,156 shares of the company's stock valued at $84,340,000 after acquiring an additional 3,128,203 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Conagra Brands by 49.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,162,251 shares of the company's stock valued at $217,686,000 after acquiring an additional 2,702,407 shares in the last quarter. Finally, Cullen Capital Management LLC boosted its position in Conagra Brands by 4,497.6% during the 2nd quarter. Cullen Capital Management LLC now owns 2,740,013 shares of the company's stock valued at $56,088,000 after acquiring an additional 2,680,417 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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