Evercore Has Lowered Expectations for Conagra Brands (NYSE:CAG) Stock Price

Conagra Brands (NYSE:CAG) had its target price reduced by equities research analysts at Evercore from $19.00 to $18.00 in a research report issued on Thursday,MarketScreener reports. Evercore’s target price suggests a potential upside of 14.61% from the stock’s previous close.

A number of other research firms have also weighed in on CAG. Jefferies Financial Group dropped their price objective on Conagra Brands from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a report on Monday, March 30th. TD Cowen dropped their price target on shares of Conagra Brands from $18.00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. Wall Street Zen raised Conagra Brands from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, 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. Two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $16.27.

Conagra Brands Trading Down 0.1%

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

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC boosted its holdings in Conagra Brands by 25.0% in the fourth quarter. Hsbc Holdings PLC now owns 785,989 shares of the company’s stock worth $13,634,000 after acquiring an additional 157,423 shares in the last quarter. World Investment Advisors bought a new position in shares of Conagra Brands during the fourth quarter valued at $177,000. Alpine Global Management LLC purchased a new position in shares of Conagra Brands in the 4th quarter worth about $181,000. Virtu Financial LLC raised its position in shares of Conagra Brands by 149.6% in the 4th quarter. Virtu Financial LLC now owns 59,039 shares of the company’s stock worth $1,022,000 after purchasing an additional 35,390 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Conagra Brands by 24.2% in the 4th quarter. Sunbelt Securities Inc. now owns 14,498 shares of the company’s stock worth $251,000 after purchasing an additional 2,826 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

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

About Conagra Brands

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.