Conagra Brands (NYSE:CAG) Price Target Cut to $19.00 by Analysts at JPMorgan Chase & Co.

Conagra Brands (NYSE:CAG) had its target price dropped by research analysts at JPMorgan Chase & Co. from $20.00 to $19.00 in a note issued to investors on Tuesday,MarketScreener reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 6.00% from the stock’s previous close.

Several other equities research analysts have also recently commented on CAG. Jefferies Financial Group lowered their price target on Conagra Brands from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday. Wells Fargo & Company cut their price target on shares of Conagra Brands from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday. Evercore ISI reduced their price objective on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Wednesday, September 24th. Morgan Stanley increased their target price on shares of Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 24th. Finally, Zacks Research raised Conagra Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Conagra Brands has an average rating of “Reduce” and an average target price of $20.25.

Conagra Brands Stock Down 0.1%

CAG stock opened at $17.92 on Tuesday. The company has a 50 day moving average of $17.73 and a two-hundred day moving average of $19.08. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 10.18 and a beta of -0.01. Conagra Brands has a 12-month low of $16.60 and a 12-month high of $28.51. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the business posted $0.53 earnings per share. Conagra Brands’s revenue for the quarter was down 5.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities analysts anticipate that Conagra Brands will post 2.35 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Melissa C. Napier sold 13,011 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total transaction of $223,659.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Conagra Brands

Institutional investors and hedge funds have recently bought and sold shares of the business. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Conagra Brands in the 2nd quarter valued at $2,489,000. Y Intercept Hong Kong Ltd bought a new stake in Conagra Brands during the second quarter worth about $10,465,000. Hsbc Holdings PLC increased its holdings in shares of Conagra Brands by 20.0% during the second quarter. Hsbc Holdings PLC now owns 1,251,371 shares of the company’s stock worth $25,578,000 after buying an additional 208,450 shares in the last quarter. Triton Financial Group Inc bought a new position in shares of Conagra Brands in the second quarter valued at approximately $690,000. Finally, Bleakley Financial Group LLC acquired a new position in shares of Conagra Brands in the 2nd quarter worth approximately $356,000. Institutional investors own 83.75% of the company’s stock.

Conagra Brands Company Profile

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