UBS Group set a $32.00 price objective on Conagra Brands (NYSE:CAG) in a research report released on Friday morning, Stock Target Advisor reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently commented on CAG. Zacks Investment Research raised shares of Conagra Brands from a sell rating to a hold rating in a research note on Tuesday, March 26th. Bank of America set a $35.00 target price on shares of Conagra Brands and gave the stock a buy rating in a research note on Friday. ValuEngine raised shares of Conagra Brands from a strong sell rating to a sell rating in a research note on Wednesday, April 10th. SunTrust Banks assumed coverage on shares of Conagra Brands in a research note on Tuesday, May 14th. They set a buy rating and a $35.00 target price for the company. Finally, Citigroup cut their target price on shares of Conagra Brands from $36.00 to $34.00 and set a buy rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. Conagra Brands has a consensus rating of Buy and a consensus price target of $36.15.

Shares of Conagra Brands stock opened at $26.90 on Friday. The stock has a 50-day moving average price of $28.57. The firm has a market capitalization of $12.89 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.77 and a beta of 0.85. Conagra Brands has a fifty-two week low of $20.22 and a fifty-two week high of $38.43. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.54 and a current ratio of 1.28.

Conagra Brands (NYSE:CAG) last issued its quarterly earnings data on Thursday, June 27th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.66 billion. Conagra Brands had a return on equity of 13.74% and a net margin of 7.11%. The company’s revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. As a group, sell-side analysts expect that Conagra Brands will post 2.14 earnings per share for the current fiscal year.

In other Conagra Brands news, Director Joie A. Gregor acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average price of $29.99 per share, with a total value of $299,900.00. Following the purchase, the director now owns 145,440 shares in the company, valued at $4,361,745.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ruth Ann Marshall sold 6,717 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $31.00, for a total transaction of $208,227.00. Following the sale, the director now directly owns 99,897 shares of the company’s stock, valued at approximately $3,096,807. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CAG. FMR LLC boosted its holdings in Conagra Brands by 27.2% in the 1st quarter. FMR LLC now owns 14,183,529 shares of the company’s stock valued at $393,451,000 after purchasing an additional 3,031,757 shares during the last quarter. Cleararc Capital Inc. acquired a new position in shares of Conagra Brands in the 1st quarter worth approximately $225,000. M Holdings Securities Inc. acquired a new position in shares of Conagra Brands in the 1st quarter worth approximately $721,000. Advisory Services Network LLC lifted its holdings in shares of Conagra Brands by 11.5% in the 1st quarter. Advisory Services Network LLC now owns 6,779 shares of the company’s stock worth $188,000 after acquiring an additional 701 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Conagra Brands by 116,755.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,103,402 shares of the company’s stock worth $58,348,000 after acquiring an additional 2,101,602 shares during the last quarter. 88.55% of the stock is owned by institutional investors.

Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

Featured Article: Find a Trading Strategy That Works

Analyst Recommendations for Conagra Brands (NYSE:CAG)

Receive News & Ratings for Conagra Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conagra Brands and related companies with MarketBeat.com's FREE daily email newsletter.