Conagra Brands (NYSE:CAG) Price Target Cut to $18.00 by Analysts at Evercore

Key Points

• Evercore cut its price target on Conagra to $18 from $19 (implying ~15.9% upside), but multiple analysts have trimmed targets and the consensus rating is a "Reduce" with an average target of $16.53.
• Conagra's Q3 showed a small EPS miss ($0.39 vs. $0.40) while revenue of $2.79B slightly beat estimates, yet management narrowed and lowered full‑year profit guidance and margins contracted, pressuring the near‑term outlook.
• Shares trade around $15.54 (market cap ~$7.4B) near their one‑year low (~$15.03); a high dividend yield (~9% cited) offers income support but analyst skepticism and downward price targets keep selling pressure.

Conagra Brands (NYSE:CAG - Get Free Report) had its price target dropped by analysts at Evercore from $19.00 to $18.00 in a research report issued on Thursday,MarketScreener reports. Evercore's target price points to a potential upside of 15.87% from the company's previous close.

Several other equities analysts have also recently weighed in on CAG. Wells Fargo & Company lowered their price objective on shares of Conagra Brands from $15.00 to $14.00 and set an "underweight" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. cut their target price on shares of Conagra Brands from $19.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 20th. The Goldman Sachs Group reduced their target price on shares of Conagra Brands from $17.00 to $15.00 and set a "sell" rating for the company in a report on Thursday. Zacks Research upgraded shares of Conagra Brands from a "strong sell" rating to a "hold" rating in a research report on Friday, February 20th. Finally, Jefferies Financial Group dropped their price target on shares of Conagra Brands from $16.00 to $15.00 and set a "hold" rating on the stock in a research note on Monday. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, Conagra Brands currently has a consensus rating of "Reduce" and an average target price of $16.53.

Conagra Brands Stock Performance

Shares of CAG opened at $15.54 on Thursday. The firm has a market capitalization of $7.43 billion, a P/E ratio of -70.61 and a beta of 0.04. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. Conagra Brands has a one year low of $15.03 and a one year high of $27.68. The business has a fifty day moving average of $17.84 and a 200 day moving average of $17.76.

Conagra Brands (NYSE:CAG - Get Free Report) last posted its earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.01). The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The firm's revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. As a group, sell-side analysts anticipate that Conagra Brands will post 2.35 EPS for the current year.

Hedge Funds Weigh In On Conagra Brands

Several large investors have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new position in shares of Conagra Brands in the second quarter worth approximately $26,000. Harbour Investments Inc. raised its position in shares of Conagra Brands by 80.4% during the 4th quarter. Harbour Investments Inc. now owns 1,573 shares of the company's stock valued at $27,000 after purchasing an additional 701 shares during the period. True Wealth Design LLC raised its position in shares of Conagra Brands by 844.4% during the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company's stock valued at $29,000 after purchasing an additional 1,427 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Conagra Brands during the 2nd quarter valued at $29,000. Finally, Spire Wealth Management boosted its holdings in Conagra Brands by 249.0% in the 3rd quarter. Spire Wealth Management now owns 1,724 shares of the company's stock worth $32,000 after buying an additional 1,230 shares during the period. Hedge funds and other institutional investors own 83.75% of the company's stock.

Trending Headlines about Conagra Brands

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Revenue slightly beat estimates and the company reported organic sales growth driven by stronger frozen and snacks volumes, evidence that core categories remain resilient. Conagra Q3 Earnings Miss Estimates Despite Organic Sales Growth
• Positive Sentiment: Management highlighted volume growth and category strength on the earnings call, helping some investors see a path to margin recovery if inflation eases. Conagra Brands Inc (CAG) Q3 2026 Earnings Call Highlights: Strong Volume Growth Amid Inflation ...
• Neutral Sentiment: Market commentators and value investors point to a high dividend yield (~9% reported) and technical support at recent lows, which can stabilize the stock despite fundamental headwinds. 3 Signs Now is a Good Time to Buy Conagra Stock
• Negative Sentiment: EPS missed consensus ($0.39 vs $0.40) and margins contracted year‑over‑year, raising near‑term profitability concerns. Conagra Q3 earnings report summary
• Negative Sentiment: Management narrowed and lowered its full‑year profit guidance, citing rising costs — a primary driver of the stock weakness. Conagra Brands expects weak annual profit on rising costs
• Negative Sentiment: Analysts adjusted expectations: Jefferies cut its price target to $15 and several boutiques signaled caution, keeping downward pressure on sentiment. Jefferies adjusts price target on Conagra Brands to $15
• Negative Sentiment: Coverage pieces note broad analyst skepticism relative to peers and some price targets below the stock, amplifying selling pressure after mixed results. What Wall Street Expects From These 3 Food Giants After Mixed Earnings

Conagra Brands Company Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra's product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender's and Banquet in the frozen foods category, as well as Hunt's sauces, Orville Redenbacher's popcorn, Slim Jim meat snacks and Reddi-wip toppings.

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