How Analysts Feel About Conagra Brands, Inc. (CAG) After Today’s Significant Increase?

Conagra Brands, Inc. (NYSE:CAG) Logo

Investors sentiment decreased to 1.11 in 2019 Q1. Its down 0.26, from 1.37 in 2018Q4. It worsened, as 77 investors sold Conagra Brands, Inc. shares while 163 reduced holdings. 94 funds opened positions while 172 raised stakes. 416.73 million shares or 5.15% more from 396.33 million shares in 2018Q4 were reported.
Oppenheimer And Comm Incorporated holds 27,545 shares. Smithfield Trust invested in 2,138 shares or 0.01% of the stock. The Massachusetts-based Baystate Wealth Ltd has invested 0.01% in Conagra Brands, Inc. (NYSE:CAG). Cornerstone Advisors reported 390 shares stake. Cognios Limited Company reported 101,588 shares. Argent reported 24,893 shares. 600 were accumulated by Tompkins Fincl Corporation. 150 were accumulated by Trustmark Comml Bank Tru Department. 219,151 were accumulated by Pinebridge Limited Partnership. Soros Fund Management Ltd Liability has 1.85M shares. Ent Fin reported 0% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Moreover, Moody Bank Tru Division has 0.01% invested in Conagra Brands, Inc. (NYSE:CAG) for 8,188 shares. Moreover, Asset Mngmt has 0.05% invested in Conagra Brands, Inc. (NYSE:CAG) for 32,504 shares. Macquarie Grp Limited has 5.13 million shares. Suntrust Banks reported 60,148 shares.

Since April 16, 2019, it had 3 buys, and 0 selling transactions for $1.02 million activity. 1,600 Conagra Brands, Inc. (NYSE:CAG) shares with value of $48,096 were bought by Arora Anil. 10,000 shares were bought by GREGOR JOIE A, worth $299,865.

The stock of Conagra Brands, Inc. (NYSE:CAG) is a huge mover today! The stock increased 2.67% or $0.75 during the last trading session, reaching $28.85. About 2.47 million shares traded. Conagra Brands, Inc. (NYSE:CAG) has declined 20.93% since August 15, 2018 and is downtrending. It has underperformed by 20.93% the S&P500.
The move comes after 5 months positive chart setup for the $14.04B company. It was reported on Aug, 15 by Barchart.com. We have $30.87 PT which if reached, will make NYSE:CAG worth $982.66M more.

Analysts await Conagra Brands, Inc. (NYSE:CAG) to report earnings on September, 26. They expect $0.40 earnings per share, down 14.89 % or $0.07 from last year’s $0.47 per share. CAG’s profit will be $194.63M for 18.03 P/E if the $0.40 EPS becomes a reality. After $0.36 actual earnings per share reported by Conagra Brands, Inc. for the previous quarter, Wall Street now forecasts 11.11 % EPS growth.

Conagra Brands, Inc. (NYSE:CAG) Ratings Coverage

Among 6 analysts covering Conagra Brands Inc (NYSE:CAG), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Conagra Brands Inc has $44 highest and $30 lowest target. $33.14’s average target is 14.87% above currents $28.85 stock price. Conagra Brands Inc had 12 analyst reports since February 19, 2019 according to SRatingsIntel. The company was maintained on Friday, March 22 by Bank of America. The stock of Conagra Brands, Inc. (NYSE:CAG) has “Buy” rating given on Thursday, March 21 by Jefferies. As per Friday, March 22, the company rating was maintained by J.P. Morgan. Goldman Sachs maintained Conagra Brands, Inc. (NYSE:CAG) rating on Friday, March 22. Goldman Sachs has “Buy” rating and $32 target. As per Tuesday, February 19, the company rating was maintained by Barclays Capital. The stock of Conagra Brands, Inc. (NYSE:CAG) earned “Neutral” rating by Credit Suisse on Thursday, April 11.

More notable recent Conagra Brands, Inc. (NYSE:CAG) news were published by: Streetinsider.com which released: “JANA Partners Enters Axalta (AXTA), Callaway Golf (ELY) – 13F – StreetInsider.com” on August 14, 2019, also Prnewswire.com with their article: “Conagra Brands Announces Quarterly Dividend Payment – PRNewswire” published on July 17, 2019, Finance.Yahoo.com published: “Is Now The Time To Look At Buying Conagra Brands, Inc. (NYSE:CAG)? – Yahoo Finance” on June 25, 2019. More interesting news about Conagra Brands, Inc. (NYSE:CAG) were released by: Seekingalpha.com and their article: “George Soros Is Buying Conagra Brands. Here’s Why – Seeking Alpha” published on March 29, 2019 as well as Finance.Yahoo.com‘s news article titled: “NYSE: CAG Investor Notice: Lawsuit against Conagra Brands, Inc. announced by Shareholders Foundation – Yahoo Finance” with publication date: April 29, 2019.

Conagra Brands, Inc., together with its subsidiaries, operates as a food firm in North America. The company has market cap of $14.04 billion. The firm operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice divisions. It has a 18.91 P/E ratio. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

Conagra Brands, Inc. (NYSE:CAG) Institutional Positions Chart

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