Published: Mon, April 16, 2018
Business | By Tara Barton

Summary of Conagra Brands, Inc. (NYSE:CAG) Ratings


Sasco Capital Inc who had been investing in Conagra Brands Inc. for a number of months, seems to be bullish on the $14.68B market cap company. Bank of New York Mellon Corp now owns 9,376,444 shares of the company's stock valued at $353,210,000 after buying an additional 1,528,107 shares during the period. The stock increased 0.36% or $0.14 during the last trading session, reaching $39.02. Another trade for 269,353 shares valued at $44.13M was made by ALLEN SAMUEL R on Wednesday, February 28. It has underperformed by 38.40% the S&P500. Jefferies maintained Conagra Brands, Inc. (CAG) by 11.77% based on its latest 2017Q4 regulatory filing with the SEC. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The hedge fund held 427,749 shares of the prepackaged software company at the end of 2017Q4, valued at $6.58 million, down from 894,365 at the end of the previous reported quarter.

Conagra Brands (NYSE:CAG) issued its quarterly earnings results on Thursday, March 22nd. Closing price generally refers to the last price at which a stock trades during a regular trading session. Over the past 4 weeks, shares have seen a change of 1.15%.

COPYRIGHT VIOLATION WARNING: "Brokerages Set Conagra Brands Inc (CAG) Target Price at $41.13" was first posted by The Lincolnian Online and is owned by of The Lincolnian Online. The stock underperformed the S&P500 by 21.12%. Therefore 56% are positive. 71% are bullish. 10 are the (NYSE:CAG)'s analyst reports since October 30, 2017 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse on Friday, December 23 with "Neutral". Stifel Nicolaus has "Buy" rating and $155.0 target. Vetr downgraded Enterprise Products Partners L.P. (NYSE:EPD) on Tuesday, August 18 to "Strong-Buy" rating. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the a year ago is $41.88. Conagra Brands has a 1-year low of $32.16 and a 1-year high of $41.03. (NYSE:CAG) rating on Friday, October 14. Conagra Brands, Inc. (NYSE:CAG) has declined 9.57% since April 16, 2017 and is downtrending. The rating was maintained by Citigroup on Friday, April 8 with "Neutral". The firm has "Hold" rating by Deutsche Bank given on Friday, April 8. Rating Scale; where 1.0 rating mean Strong Buy, 2.0 rating signifies Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Envestnet Asset Management Inc. grew its holdings in shares of Conagra Brands by 94.7% during the fourth quarter. (NYSE:CAG), we note that the consensus target price is resting at $42.

Conagra Foods Inc (CAG) investors sentiment decreased to 0.78 in Q4 2017. Its down 0.15, from 1 in 2017Q3. It worsened, as 60 investors sold EPD shares while 283 reduced holdings. 147 increased positions while 62 funds took positions. Stifel Nicolaus lifted their price objective on shares of Conagra Brands from $38.00 to $42.00 and gave the stock a "buy" rating in a report on Saturday, December 30th. Beck Mack And Oliver Ltd Com invested in 0.02% or 6,837 shares. Goldman Sachs Group Inc accumulated 0.09% or 10.31 million shares. It also upped Ishares Tr (AGG) stake by 175,705 shares and now owns 228,703 shares. Arrowmark Colorado Ltd holds 176,020 shares or 0.19% of its portfolio. Gamco Et Al reported 1.04M shares. Fayez Sarofim & accumulated 9,766 shares.

Conagra Brands, Inc. (CAG) stock is now trading 3.63% away from its average-price of 200 days while it maintained a distance of 0.70% from its 50 Days Moving Average and 1.15% compared with the 20 Day Moving Average.

Anheuser-Busch InBev SA/NV (BUD) has analyst mean rating score of 2.00
Axel Mgmt Limited Liability Corporation has 0.9% invested in Bristol-Myers Squibb Company (NYSE:BMY) for 15,000 shares. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell.

In other Conagra Brands news, Director Joie A. Gregor sold 3,300 shares of the company's stock in a transaction that occurred on Thursday, January 5th. Swiss Financial Bank reported 0.07% of its portfolio in Conagra Brands, Inc. CAG has 310,200 shares volume. Bartlett & Lc has 800 shares for 0% of their portfolio. Fmr Ltd Llc owns 3.41 million shares or 0.02% of their United States portfolio. Marshall Wace Llp holds 0.03% or 17,590 shares.

Among 7 analysts covering Conagra Brands (NYSE:CAG), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 100% are positive. As per Wednesday, March 30, the company rating was maintained by Citigroup. The company has market cap of $14.61 billion. As per Friday, October 20, the company rating was maintained by Leerink Swann. The firm has "Buy" rating given on Wednesday, August 23 by Jefferies. On Monday, April 24 the stock rating was maintained by RBC Capital Markets with "Buy". The firm's quarterly revenue was up.7% compared to the same quarter a year ago. The stock of Celgene Corporation (NASDAQ:CELG) has "Buy" rating given on Thursday, July 27 by Cowen & Co.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on May, 1.

EPS growth estimate for this year is set at 374.70%.The earnings per share (EPS) formula is stated as earnings available to common shareholders divided by number of common stock shares outstanding. VLP's profit will be $48.06M for 14.35 P/E if the $0.68 EPS becomes a reality. Sell-side analysts often provide their best researched estimates at what the company will report.

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