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

Conagra Brands (NYSE:CAG) had its price target decreased by analysts at Barclays from $21.00 to $18.00 in a report released on Thursday, MarketBeat.com reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 14.61% from the company’s current price.

Several other brokerages also recently commented on CAG. Evercore reduced their target price on Conagra Brands from $22.00 to $19.00 in a research note on Friday, January 9th. JPMorgan Chase & Co. dropped their price target on Conagra Brands from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 20th. BNP Paribas Exane cut their price target on Conagra Brands from $22.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday. Jefferies Financial Group reduced their price objective on shares of Conagra Brands from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $15.00 price objective (down from $20.00) on shares of Conagra Brands in a research report on Thursday, March 12th. Two equities 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 stock. Based on data from MarketBeat, Conagra Brands currently has an average rating of “Reduce” and a consensus price target of $16.27.

Conagra Brands Stock Down 0.1%

Conagra Brands stock opened at $15.71 on Thursday. The firm has a market capitalization of $7.51 billion, a PE ratio of -157.03 and a beta of 0.04. The company’s 50-day moving average is $17.77 and its 200-day moving average is $17.72. Conagra Brands has a fifty-two week low of $15.03 and a fifty-two week high of $27.68. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.90 and a quick ratio of 0.28.

Conagra Brands (NYSE:CAG) last issued its 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 negative net margin of 0.39% and a positive return on equity of 10.15%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the business posted $0.51 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Sell-side analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current year.

Institutional Trading of Conagra Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC acquired a new stake in shares of Conagra Brands during the 2nd quarter worth $26,000. Harbour Investments Inc. raised its stake in Conagra Brands by 80.4% in the fourth quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock valued at $27,000 after purchasing an additional 701 shares in the last quarter. True Wealth Design LLC raised its stake in Conagra Brands by 844.4% in the third quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock valued at $29,000 after purchasing an additional 1,427 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in Conagra Brands during the second quarter worth about $29,000. Finally, Spire Wealth Management raised its position in Conagra Brands by 249.0% during the third quarter. Spire Wealth Management now owns 1,724 shares of the company’s stock valued at $32,000 after purchasing an additional 1,230 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Key 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.