ConAgra Foods (CAG) to Release Quarterly Earnings on Thursday
ConAgra Foods (NYSE:CAG) is scheduled to be announcing its earnings results on Thursday, June 26th. Investors that wish to register for the company’s conference call can do so using this link.
Shares of ConAgra Foods (NYSE:CAG) opened at 28.82 on Wednesday. ConAgra Foods has a 52 week low of $28.09 and a 52 week high of $37.28. The stock’s 50-day moving average is $31.37 and its 200-day moving average is $31.24. The company has a market cap of $12.138 billion and a price-to-earnings ratio of 15.02.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ConAgra Foods in a research note on Monday. They now have a $28.00 price target on the stock, down previously from $32.00. On a related note, analysts at Citigroup Inc. reiterated a “buy” rating on shares of ConAgra Foods in a research note on Thursday, June 19th. They now have a $35.00 price target on the stock, down previously from $36.00. Finally, analysts at Bank of America downgraded shares of ConAgra Foods from a “buy” rating to an “underperform” rating in a research note on Thursday, June 19th. They now have a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. ConAgra Foods currently has an average rating of “Hold” and a consensus price target of $32.92.
In other ConAgra Foods news, CEO Gary M. Rodkin sold 50,000 shares of ConAgra Foods stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $28.84, for a total transaction of $1,442,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ConAgra Foods, Inc is a packaged food company. The Company operates in four segments: Consumer Foods, Commercial Foods, Ralcorp Food Group, and Ralcorp Frozen Bakery Products.
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