UBS Group Lowers Conagra Brands (NYSE:CAG) Price Target to $20.00

Conagra Brands (NYSE:CAG - Get Free Report) had its price objective decreased by analysts at UBS Group from $21.00 to $20.00 in a report released on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price points to a potential upside of 3.07% from the stock's previous close.

Several other research firms also recently commented on CAG. Evercore ISI decreased their price objective on Conagra Brands from $26.00 to $24.00 and set an "in-line" rating on the stock in a report on Friday. Stifel Nicolaus cut their price objective on Conagra Brands from $26.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday. Royal Bank Of Canada dropped their price target on Conagra Brands from $25.00 to $22.00 and set a "sector perform" rating on the stock in a research report on Friday. Wells Fargo & Company dropped their price target on Conagra Brands from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Barclays decreased their target price on shares of Conagra Brands from $29.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $22.73.

Conagra Brands Price Performance

CAG traded down $0.09 on Friday, reaching $19.40. The company had a trading volume of 13,953,727 shares, compared to its average volume of 5,972,318. The business has a 50 day simple moving average of $22.04 and a 200 day simple moving average of $24.53. The company has a market cap of $9.26 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 1.55 and a beta of 0.11. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.23 and a current ratio of 0.69. Conagra Brands has a 52-week low of $18.82 and a 52-week high of $33.24.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.05). Conagra Brands had a net margin of 2.80% and a return on equity of 12.94%. The firm had revenue of $2,781,800 billion for the quarter, compared to analysts' expectations of $2.88 billion. During the same quarter in the previous year, the business earned $0.61 EPS. The company's revenue for the quarter was down 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Conagra Brands will post 2.35 EPS for the current year.

Institutional Investors Weigh In On Conagra Brands

A number of large investors have recently made changes to their positions in the stock. Alpine Bank Wealth Management purchased a new stake in Conagra Brands in the first quarter valued at $26,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Conagra Brands in the first quarter valued at $27,000. Capital Advisors Ltd. LLC boosted its holdings in Conagra Brands by 82.3% in the first quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company's stock valued at $27,000 after purchasing an additional 452 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in Conagra Brands by 235.2% in the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company's stock valued at $28,000 after purchasing an additional 741 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Conagra Brands during the 1st quarter worth about $34,000. 83.75% of the stock is owned by hedge funds and other institutional investors.

Conagra Brands Company Profile

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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