BNP Paribas Exane Lowers Conagra Brands (NYSE:CAG) Price Target to $19.00

Conagra Brands (NYSE:CAG) had its price objective lowered by stock analysts at BNP Paribas Exane from $22.00 to $19.00 in a report released on Thursday, Marketbeat reports. The firm presently has an “outperform” rating on the stock. BNP Paribas Exane’s price objective points to a potential upside of 20.98% from the stock’s previous close.

CAG has been the subject of a number of other research reports. TD Cowen reduced their price target on Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. UBS Group reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Conagra Brands in a research report on Friday, February 13th. Sanford C. Bernstein decreased their price target on shares of Conagra Brands from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Monday, December 22nd. Evercore cut their price target on shares of Conagra Brands from $22.00 to $19.00 in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Conagra Brands from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 20th. Two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $16.27.

Conagra Brands Trading Down 0.1%

Shares of CAG opened at $15.71 on Thursday. Conagra Brands has a 12 month low of $15.03 and a 12 month high of $27.68. The stock’s 50-day moving average is $17.77 and its two-hundred day moving average is $17.72. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.90 and a quick ratio of 0.28. The stock has a market cap of $7.51 billion, a PE ratio of -157.03 and a beta of 0.04.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Wednesday, April 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). Conagra Brands had a positive return on equity of 10.15% and a negative net margin of 0.39%.The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period last year, the firm earned $0.51 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. Equities analysts forecast that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Conagra Brands

Several institutional investors have recently made changes to their positions in CAG. Wealth Enhancement Advisory Services LLC boosted its stake in Conagra Brands by 45.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 342,942 shares of the company’s stock valued at $6,485,000 after buying an additional 106,891 shares in the last quarter. AE Wealth Management LLC lifted its holdings in Conagra Brands by 13.7% in the 3rd quarter. AE Wealth Management LLC now owns 720,093 shares of the company’s stock valued at $13,185,000 after acquiring an additional 86,604 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Conagra Brands by 15.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,021,478 shares of the company’s stock worth $55,323,000 after acquiring an additional 408,597 shares in the last quarter. AIA Group Ltd grew its holdings in shares of Conagra Brands by 238.9% in the 3rd quarter. AIA Group Ltd now owns 205,954 shares of the company’s stock worth $3,771,000 after acquiring an additional 145,191 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new stake in shares of Conagra Brands during the third quarter valued at $7,310,000. 83.75% of the stock is owned by institutional investors.

More Conagra Brands News

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Management said organic sales growth and volume trends are improving, suggesting demand recovery that could support revenue stabilization going forward. Conagra Returns to Organic Sales Growth
• Positive Sentiment: Some analysts continue constructive views (overweight/outperform ratings remain at a few firms), providing a floor for sentiment if execution improves. Analysts Slash Forecasts After Q3 Results
• Neutral Sentiment: Full prepared remarks and call transcript are available — useful for gauging management’s guidance, cost outlook and planned margin actions but contain mixed signals rather than new catalysts. Earnings Call Prepared Remarks Transcript
• Negative Sentiment: Q3 EPS missed estimates ($0.39 vs. $0.40) and management issued a cautious near-term outlook, raising concerns about margin pressure from inflation and costs. That miss is the primary immediate driver of the share decline. Q3 Earnings Call Transcript (EPS Miss)
• Negative Sentiment: Major brokerages slashed price targets and some downgraded ratings (Goldman, Wells Fargo and multiple peers cut PTs), amplifying selling pressure and lowering the analyst-driven support level for the stock. These Analysts Slash Their Forecasts
• Negative Sentiment: Investor governance/ transparency flag: commentary that no insiders set trading plans has raised questions about management confidence and disclosure practices, a potential sentiment headwind for some holders. Insider Trading Plans and Transparency Concerns

Conagra Brands Company Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.