Conagra Brands (NYSE:CAG) Given a $32.00 Price Target at UBS Group
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.
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.
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