Conagra Brands (NYSE:CAG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Conagra Brands (NYSE:CAG) had its price target upped by equities researchers at Wells Fargo & Company from $18.00 to $20.00 in a research note issued on Tuesday,MarketScreener reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 1.11% from the stock’s previous close.

Several other research analysts also recently issued reports on CAG. Stifel Nicolaus dropped their price objective on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Morgan Stanley cut their price target on Conagra Brands from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, January 16th. Bank of America reduced their price objective on Conagra Brands from $18.00 to $17.00 and set an “underperform” rating for the company in a research report on Monday, December 22nd. Jefferies Financial Group lowered their price objective on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Finally, UBS Group restated a “neutral” rating and issued a $20.00 target price on shares of Conagra Brands in a research note on Friday. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $19.00.

Conagra Brands Price Performance

Shares of Conagra Brands stock opened at $19.78 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 0.80. Conagra Brands has a 1-year low of $15.96 and a 1-year high of $28.51. The firm has a fifty day simple moving average of $17.80 and a 200-day simple moving average of $18.17. The stock has a market capitalization of $9.46 billion, a price-to-earnings ratio of -89.91 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last released its earnings results on Friday, December 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3 billion. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The company’s revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, sell-side analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Hedge Funds Weigh In On Conagra Brands

Several institutional investors have recently bought and sold shares of CAG. Quaker Wealth Management LLC raised its position in shares of Conagra Brands by 202.3% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock valued at $25,000 after acquiring an additional 2,427 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Conagra Brands during the second quarter worth $26,000. 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 buying an additional 701 shares during the last quarter. True Wealth Design LLC boosted its position in Conagra Brands by 844.4% during 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 during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Conagra Brands during the second quarter worth $29,000. Institutional investors own 83.75% of the company’s stock.

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.