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ConAgra Foods (NYSE:CAG) has received a “BBB-” credit rating from analysts at Morningstar. The agency’s “BBB-” rating suggests that the company is a moderate default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.

A number of other analysts have also recently weighed in on CAG. Analysts at Zacks downgraded shares of ConAgra Foods from a “neutral” rating to an “underperform” rating in a research note on Friday, July 18th. They now have a $28.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ConAgra Foods in a research note on Monday, June 23rd. They now have a $28.00 price target on the stock, down previously from $32.00. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. ConAgra Foods currently has an average rating of “Hold” and a consensus price target of $32.54.

ConAgra Foods (NYSE:CAG) opened at 32.45 on Friday. ConAgra Foods has a one year low of $28.09 and a one year high of $34.18. The stock’s 50-day moving average is $31.34 and its 200-day moving average is $30.74. The company has a market cap of $13.710 billion and a price-to-earnings ratio of 45.66.

ConAgra Foods (NYSE:CAG) last posted its quarterly earnings results on Thursday, June 26th. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts predict that ConAgra Foods will post $2.25 earnings per share for the current fiscal year.

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.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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