Conagra Brands (NYSE:CAG - Get Free Report) is anticipated to announce its earnings results before the market opens on Thursday, April 3rd. Analysts expect the company to announce earnings of $0.54 per share and revenue of $2.92 billion for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.
Conagra Brands Stock Performance
Shares of CAG stock traded up $0.09 during trading hours on Friday, hitting $26.55. 5,047,931 shares of the company were exchanged, compared to its average volume of 5,060,410. Conagra Brands has a 52-week low of $23.06 and a 52-week high of $33.24. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $25.63 and a 200 day simple moving average of $27.60. The stock has a market capitalization of $12.67 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.76 and a beta of 0.18.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on CAG shares. Wells Fargo & Company decreased their price objective on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $29.00 target price on shares of Conagra Brands in a research note on Friday, December 20th. Barclays dropped their price target on shares of Conagra Brands from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. Morgan Stanley started coverage on shares of Conagra Brands in a research note on Monday, March 24th. They issued an "equal weight" rating and a $27.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Conagra Brands currently has an average rating of "Hold" and a consensus price target of $28.20.
View Our Latest Report on CAG
Conagra Brands Company Profile
(
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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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