JPMorgan Chase & Co. Lowers Conagra Brands (NYSE:CAG) Price Target to $19.00

Conagra Brands (NYSE:CAG) had its price target reduced by JPMorgan Chase & Co. from $20.00 to $19.00 in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 6.15% from the company’s previous close.

A number of other analysts have also recently issued reports on CAG. Jefferies Financial Group lowered their price objective on Conagra Brands from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. The Goldman Sachs Group decreased their price target on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research note on Monday, November 24th. Stifel Nicolaus lowered their price target on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Zacks Research upgraded shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, Morgan Stanley raised their price objective on shares of Conagra Brands from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 24th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $20.25.

Conagra Brands Stock Up 0.9%

Shares of CAG opened at $17.90 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.44 and a current ratio of 1.06. The company has a 50-day simple moving average of $17.69 and a 200-day simple moving average of $19.03. Conagra Brands has a 52 week low of $16.60 and a 52 week high of $28.51. The firm has a market capitalization of $8.56 billion, a P/E ratio of 10.17 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last released its 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. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.62 billion. Conagra Brands had a return on equity of 11.72% and a net margin of 7.42%.The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.53 earnings per share. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, equities research analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Insider Activity

In other news, SVP Melissa C. Napier sold 13,011 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $17.19, for a total transaction of $223,659.09. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.57% of the stock is owned by company insiders.

Institutional Trading of Conagra Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Edmp Inc. grew its position in shares of Conagra Brands by 1.1% during the 2nd quarter. Edmp Inc. now owns 48,675 shares of the company’s stock worth $996,000 after buying an additional 544 shares during the period. Vontobel Holding Ltd. lifted its holdings in Conagra Brands by 1.5% in the second quarter. Vontobel Holding Ltd. now owns 36,171 shares of the company’s stock valued at $740,000 after buying an additional 546 shares during the period. Ameriflex Group Inc. boosted its stake in Conagra Brands by 20.3% in the second quarter. Ameriflex Group Inc. now owns 3,327 shares of the company’s stock valued at $68,000 after acquiring an additional 561 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Conagra Brands by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 172,140 shares of the company’s stock worth $3,483,000 after acquiring an additional 585 shares during the period. Finally, Sutton Place Investors LLC grew its holdings in Conagra Brands by 1.9% during the 3rd quarter. Sutton Place Investors LLC now owns 31,196 shares of the company’s stock worth $571,000 after acquiring an additional 585 shares during the period. 83.75% of the stock is owned by institutional investors.

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.