JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Conagra Brands (NYSE:CAG) Stock

Conagra Brands (NYSE:CAG) had its price target raised by equities researchers at JPMorgan Chase & Co. from $14.00 to $15.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 4.93% from the stock’s current price.

A number of other brokerages also recently weighed in on CAG. Royal Bank Of Canada dropped their target price on shares of Conagra Brands from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Thursday. BNP Paribas Exane decreased their price target on shares of Conagra Brands from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. The Goldman Sachs Group lowered their price target on shares of Conagra Brands from $17.00 to $15.00 and set a “sell” rating for the company in a report on Thursday, April 2nd. Zacks Research cut shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Finally, UBS Group boosted their price objective on shares of Conagra Brands from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, Conagra Brands has a consensus rating of “Reduce” and an average price target of $14.07.

Conagra Brands Price Performance

Shares of CAG stock opened at $14.29 on Thursday. The stock’s fifty day moving average is $13.61 and its 200-day moving average is $15.71. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.30 and a current ratio of 0.90. The stock has a market capitalization of $6.84 billion, a PE ratio of -3.57 and a beta of -0.02. Conagra Brands has a 52 week low of $12.53 and a 52 week high of $20.32.

Conagra Brands (NYSE:CAG) last released its quarterly earnings results on Wednesday, July 15th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Conagra Brands had a positive return on equity of 10.44% and a negative net margin of 16.99%.The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. Equities research analysts expect that Conagra Brands will post 1.48 EPS for the current fiscal year.

Institutional Trading of Conagra Brands

A number of hedge funds have recently modified their holdings of CAG. WealthPlan Investment Management LLC boosted its holdings in Conagra Brands by 5.3% during the fourth quarter. WealthPlan Investment Management LLC now owns 10,920 shares of the company’s stock worth $189,000 after buying an additional 548 shares in the last quarter. International Private Wealth Advisors LLC increased its holdings in Conagra Brands by 4.9% in the fourth quarter. International Private Wealth Advisors LLC now owns 13,153 shares of the company’s stock valued at $228,000 after buying an additional 609 shares in the last quarter. All Terrain Financial Advisors LLC lifted its position in shares of Conagra Brands by 0.3% during the 4th quarter. All Terrain Financial Advisors LLC now owns 176,971 shares of the company’s stock valued at $3,063,000 after acquiring an additional 609 shares during the period. Jackson Hole Capital Partners LLC lifted its position in shares of Conagra Brands by 4.1% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 17,960 shares of the company’s stock valued at $311,000 after acquiring an additional 701 shares during the period. Finally, Harbour Investments Inc. boosted its stake in shares of Conagra Brands by 80.4% during the 4th quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after acquiring an additional 701 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Key Conagra Brands News

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

• Positive Sentiment: Barclays raised its price target on Conagra Brands to $17 from $16 and kept an overweight rating, implying meaningful upside from current levels. Barclays raises Conagra price target
• Positive Sentiment: Jefferies reiterated a Hold rating but lifted its target to $14 from $13, and UBS also nudged its target higher to $14, suggesting analysts see some stabilization after the post-earnings reset. Conagra begins strategic reset with dividend cut and higher reinvestment
• Positive Sentiment: Several reports argue that Conagra’s dividend cut could be constructive because it frees up about $335 million annually for debt reduction and brand investment, which may support a longer-term turnaround. Why Conagra’s dividend cut could be the best thing for investors
• Neutral Sentiment: The company’s Q4 results were mixed: adjusted EPS was roughly in line, but revenue and operating profit missed expectations and management issued a weak annual outlook. Reuters: Conagra forecasts annual profit below estimates
• Neutral Sentiment: Management is emphasizing a margin reset, supply-chain improvements, portfolio simplification, and selective reinvestment, which supports the idea of a turnaround but also highlights that the recovery will take time. Q4 earnings call highlights margin reset and cost focus
• Negative Sentiment: The dividend cut and below-estimate profit outlook signal ongoing pressure on earnings and cash flow, which remains a concern for income-focused investors. Seeking Alpha commentary on Conagra dividend cut

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.