Analysts Set Conagra Brands, Inc. (NYSE:CAG) Target Price at $28.33

Conagra Brands, Inc. (NYSE:CAG - Get Free Report) has received an average rating of "Hold" from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $28.20.

CAG has been the topic of a number of recent research reports. Barclays lowered 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 report on Monday, December 23rd. Bank of America lowered their target price on shares of Conagra Brands from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $29.00 price target on shares of Conagra Brands in a research note on Friday, December 20th. The Goldman Sachs Group downgraded Conagra Brands from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $33.00 to $26.00 in a research report on Monday, February 24th. Finally, Stifel Nicolaus dropped their price objective on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a report on Wednesday, February 19th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. boosted its stake in shares of Conagra Brands by 0.6% in the 4th quarter. Bessemer Group Inc. now owns 78,038 shares of the company's stock valued at $2,166,000 after purchasing an additional 429 shares in the last quarter. Grove Bank & Trust boosted its position in Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock valued at $31,000 after buying an additional 447 shares in the last quarter. Summit Financial Wealth Advisors LLC grew its stake in shares of Conagra Brands by 1.3% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 40,455 shares of the company's stock worth $1,030,000 after buying an additional 500 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Conagra Brands by 0.6% during the fourth quarter. CIBC Asset Management Inc now owns 84,534 shares of the company's stock worth $2,346,000 after buying an additional 501 shares during the last quarter. Finally, Xponance Inc. increased its holdings in shares of Conagra Brands by 0.8% during the fourth quarter. Xponance Inc. now owns 65,680 shares of the company's stock worth $1,823,000 after buying an additional 505 shares in the last quarter. Institutional investors own 83.75% of the company's stock.

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Conagra Brands Stock Performance

CAG stock traded down $0.35 during trading hours on Friday, hitting $25.38. 4,626,992 shares of the stock were exchanged, compared to its average volume of 4,834,143. Conagra Brands has a 12 month low of $23.06 and a 12 month 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 market capitalization of $12.11 billion, a P/E ratio of 24.88, a P/E/G ratio of 1.76 and a beta of 0.18. The company has a 50-day simple moving average of $25.61 and a two-hundred day simple moving average of $27.78.

About Conagra Brands

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.