Conagra Brands (NYSE:CAG) updated its FY22 earnings guidance on Thursday. The company provided earnings per share guidance of $2.63-2.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.60. Conagra Brands also updated its FY 2022
Pre-Market guidance to 2.63-2.73 EPS.
Several research analysts recently weighed in on the stock. Credit Suisse Group lifted their price objective on shares of Conagra Brands from $33.00 to $34.00 and gave the stock an underperform rating in a research note on Monday, March 29th. Zacks Investment Research raised shares of Conagra Brands from a sell rating to a hold rating and set a $36.00 price target on the stock in a research note on Monday, January 11th. Finally, Jefferies Financial Group assumed coverage on shares of Conagra Brands in a report on Friday, January 8th. They set a buy rating and a $41.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Conagra Brands currently has an average rating of Hold and a consensus price target of $36.71.
CAG stock opened at $37.24 on Thursday. The stock has a 50-day moving average price of $36.31 and a two-hundred day moving average price of $35.81. The stock has a market cap of $18.19 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86. The company has a current ratio of 0.83, a quick ratio of 0.35 and a debt-to-equity ratio of 0.98. Conagra Brands has a 1 year low of $30.12 and a 1 year high of $39.34.
In related news, Director Richard H. Lenny acquired 10,000 shares of the business’s stock in a transaction on Friday, January 8th. The stock was purchased at an average cost of $33.70 per share, for a total transaction of $337,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Thomas M. Mcgough sold 24,340 shares of the firm’s stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $37.50, for a total transaction of $912,750.00. Following the sale, the chief operating officer now owns 80,681 shares of the company’s stock, valued at $3,025,537.50. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
About Conagra Brands
Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods 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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