Conagra Brands, Inc. (NYSE:CAG) has been given an average rating of “Hold” by the twelve brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $36.60.
A number of research analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Conagra Brands in a research note on Monday, September 13th. Stifel Nicolaus cut shares of Conagra Brands from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $39.00 to $35.00 in a research note on Wednesday, July 14th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Conagra Brands from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, July 14th. Citigroup decreased their price target on Conagra Brands from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 14th. Finally, Credit Suisse Group raised Conagra Brands from an “underperform” rating to a “neutral” rating and set a $34.00 price objective for the company in a research note on Wednesday, September 29th.
In other Conagra Brands news, EVP Colleen Batcheler sold 6,210 shares of the firm’s stock in a transaction that occurred on Wednesday, July 21st. The stock was sold at an average price of $34.96, for a total transaction of $217,101.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by corporate insiders.
CAG stock traded up $0.16 on Monday, hitting $33.32. The company had a trading volume of 24,366 shares, compared to its average volume of 3,595,520. The company has a current ratio of 0.82, a quick ratio of 0.29 and a debt-to-equity ratio of 0.96. Conagra Brands has a 12-month low of $32.25 and a 12-month high of $39.09. The stock has a market cap of $15.98 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 1.91 and a beta of 0.88. The stock’s 50-day simple moving average is $33.46 and its 200 day simple moving average is $35.58.
Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, October 6th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.53 billion. Conagra Brands had a return on equity of 15.33% and a net margin of 11.61%. Conagra Brands’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 earnings per share. Research analysts forecast that Conagra Brands will post 2.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Monday, November 1st will be given a $0.3125 dividend. The ex-dividend date is Friday, October 29th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 3.75%. Conagra Brands’s dividend payout ratio is currently 47.35%.
Conagra Brands Company Profile
Conagra Brands, Inc engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks; Refrigerated and Frozen; International; and Foodservice. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States.
Recommended Story: Dead Cat Bounce
Receive News & Ratings for Conagra Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conagra Brands and related companies with MarketBeat.com's FREE daily email newsletter.