Evercore ISI Issues Pessimistic Forecast for Conagra Brands (NYSE:CAG) Stock Price

Conagra Brands (NYSE:CAG) had its price objective dropped by equities research analysts at Evercore ISI from $23.00 to $22.00 in a research note issued on Monday, MarketBeat Ratings reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 29.66% from the company’s previous close.

CAG has been the subject of a number of other reports. UBS Group lowered their price objective on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Conagra Brands in a research report on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of Conagra Brands from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 24th. Royal Bank Of Canada reduced their price objective on shares of Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating for the company in a research note on Monday. Finally, Zacks Research upgraded Conagra Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $19.29.

Conagra Brands Stock Down 1.7%

Shares of NYSE CAG opened at $16.97 on Monday. 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 $8.12 billion, a price-to-earnings ratio of -77.13 and a beta of -0.01. The stock has a 50 day moving average price of $17.60 and a 200 day moving average price of $18.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.28 and a current ratio of 0.89.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Friday, December 19th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period last year, the business posted $0.70 EPS. Conagra Brands’s quarterly revenue was down 6.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Sell-side analysts expect that Conagra Brands will post 2.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Melissa C. Napier sold 13,011 shares of the firm’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 value of $223,659.09. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Conagra Brands

A number of hedge funds have recently modified their holdings of CAG. Campbell & CO Investment Adviser LLC acquired a new stake in Conagra Brands in the 2nd quarter valued at about $2,489,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Conagra Brands in the second quarter valued at approximately $10,465,000. Hsbc Holdings PLC lifted its position in 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 acquired a new position in Conagra Brands during the second quarter worth $690,000. Finally, Bleakley Financial Group LLC purchased a new stake in Conagra Brands in the 2nd quarter valued at $356,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

More Conagra Brands News

Here are the key news stories impacting Conagra Brands this week:

• Neutral Sentiment: Morgan Stanley kept an equal-weight rating on CAG, signaling no change in conviction from that shop and providing no clear upside catalyst. Morgan Stanley maintains Conagra Brands (CAG) equal-weight recommendation
• Neutral Sentiment: A Globe and Mail roundup highlights mixed analyst views on consumer-packaged-food names including Conagra, underscoring a lack of consensus that can keep volatility elevated but not decisively bullish. Analysts Conflicted on These Consumer Goods Names: Lamb Weston Holdings (LW) and Conagra Brands (CAG)
• Negative Sentiment: Analysts cut forecasts after Conagra’s mixed Q2 results: revenue declined year-over-year and, while EPS slightly beat, the overall tone prompted downward revisions to near-term estimates. That earnings-driven re‑forecasting is a direct headwind for the stock. These Analysts Cut Their Forecasts On Conagra Brands After Q2 Results
• Negative Sentiment: Bank of America lowered its price target to $17 and kept an underperform rating, signaling limited near-term upside and adding selling pressure from a major institutional view. B of A Securities maintains Conagra Brands (CAG) underperform recommendation
• Negative Sentiment: Evercore ISI trimmed its target to $22 (from $23) and stayed “in-line,” reflecting slightly reduced expectations for recovery and contributing to the negative analyst momentum. Evercore ISI adjusts price target on Conagra Brands to $22 from $23; maintains in-line rating
• Negative Sentiment: Deutsche Bank cut its target to $18 and kept a hold rating, and TD Cowen made a similar adjustment to $18 — both moves reinforce the sell/neutral tilt among sell‑side analysts. Deutsche Bank lowers price target on Conagra Brands to $18 from $19; keeps hold rating TD Cowen adjusts price target on Conagra Brands to $18 from $19; maintains hold rating

About Conagra Brands

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.