The Goldman Sachs Group Issues Pessimistic Forecast for Conagra Brands (NYSE:CAG) Stock Price

Key Points

• Goldman Sachs cut Conagra's price target to $15 from $17 and kept a "sell" rating, implying roughly a 3.44% downside from the prior close.
• Analyst sentiment is broadly negative: the consensus rating is "Reduce" with an average price target of $16.53, and most analysts rate the stock as Hold or Sell (11 Hold, 4 Sell, 2 Buy).
• Conagra missed EPS ( $0.39 vs. $0.40 expected) while revenue slightly beat, but contracting margins and a narrowed/lowered full‑year profit guidance have increased near‑term downside risk.

Conagra Brands (NYSE:CAG - Get Free Report) had its price target lowered by equities researchers at The Goldman Sachs Group from $17.00 to $15.00 in a research note issued to investors on Thursday,MarketScreener reports. The brokerage currently has a "sell" rating on the stock. The Goldman Sachs Group's price objective would suggest a potential downside of 3.44% from the stock's previous close.

Several other research firms have also issued reports on CAG. Royal Bank Of Canada lowered their price objective on Conagra Brands from $20.00 to $17.00 and set a "sector perform" rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on Conagra Brands from $18.00 to $14.00 and set a "hold" rating on the stock in a research report on Monday. JPMorgan Chase & Co. decreased their price target on Conagra Brands from $19.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 20th. UBS Group reaffirmed a "neutral" rating and set a $20.00 price objective on shares of Conagra Brands in a research note on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Conagra Brands from a "sell" rating to a "hold" rating in a research report on Saturday, February 21st. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, Conagra Brands has a consensus rating of "Reduce" and a consensus price target of $16.53.

Conagra Brands Stock Performance

Conagra Brands stock opened at $15.54 on Thursday. The company's 50-day moving average price is $17.84 and its 200-day moving average price is $17.76. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The company has a market cap of $7.43 billion, a PE ratio of -70.61 and a beta of 0.04. Conagra Brands has a twelve month low of $15.03 and a twelve month high of $27.68.

Conagra Brands (NYSE:CAG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.01). The business 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. On average, equities research analysts forecast that Conagra Brands will post 2.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Conagra Brands

Institutional investors and hedge funds have recently modified their holdings of the business. CYBER HORNET ETFs LLC purchased a new position in Conagra Brands during the 2nd quarter valued at $26,000. Harbour Investments Inc. increased its stake in Conagra Brands by 80.4% in the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company's stock worth $27,000 after purchasing an additional 701 shares during the period. True Wealth Design LLC lifted its position in shares of Conagra Brands by 844.4% during the third quarter. True Wealth Design LLC now owns 1,596 shares of the company's stock worth $29,000 after purchasing an additional 1,427 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Conagra Brands during the second quarter worth $29,000. Finally, Spire Wealth Management boosted its stake in shares of Conagra Brands by 249.0% during the third quarter. Spire Wealth Management now owns 1,724 shares of the company's stock valued at $32,000 after purchasing an additional 1,230 shares during the period. 83.75% of the stock is owned by institutional investors.

More Conagra Brands News

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.