Conagra Brands Inc (NYSE:CAG) shares traded 0.42% up during most recent session to reach at the closing price of $21.47. The stock exchanged hands 11.4 Million shares versus average trading capacity of 8.33 Million shares, yielding a market cap of $10.17 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $34.65 within the next 52-weeks. The mean target projections are based on 13 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Conagra Brands Inc (NYSE:CAG) high price target of $44 and with a conservative view have low price target of $26.
Credit Suisse “Maintained” Conagra Brands Inc (NYSE:CAG) in a research note issued to investors on 12/21/18 to Neutral with price target of $26.5.
Additionally on 11/14/18 Bernstein “Downgrades” Conagra Brands Inc (NYSE:CAG) to Underperform setting price target at $0 and on 10/24/18 Goldman Sachs “Reinstates” the stock to Buy at $42. Furthermore on 10/08/18 UBS “Upgrades” the stock to Buy at $40.
On the other hand the company has Relative Strength Index (RSI 14) of 23.01 along with Average True Range (ATR 14) of 1.01, Consequently Conagra Brands Inc (NYSE:CAG)’s weekly and monthly volatility is 3.53%, 4.74% respectively. The company’s beta value is at 0.66.
In terms of Buy, Sell or Hold recommendations, Conagra Brands Inc (NYSE:CAG) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Conagra Brands Inc (NYSE:CAG)’s minimum EPS for the current quarter is at $0.46 and can go high up to $0.51. The consensus mean EPS for the current quarter is at $0.49 derived from a total of 11 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.61 earnings per share for the same quarter during last year.
Previously Conagra Brands Inc (NYSE:CAG) reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.12. The company posted an earnings surprise of 21.8%.
Conagra Brands Inc (NYSE:CAG)’s revenue estimates for the current quarter are $2.79 Billion according to 9 number of analysts, for the current quarter the company has high revenue estimates of $2.82 Billion in contradiction of low revenue estimates of $2.73 Billion. For the current year the company’s revenue estimates are $9.68 Billion compared to low analyst estimates of $9.62 Billion and high estimates of $9.72 Billion according to 11 number of analysts.
Currently Conagra Brands Inc (NYSE:CAG)’s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 73.1%. However the six-month change in the insider ownership was recorded -3.56%, as well as three-month change in the institutional ownership was recorded 0.15%.
Conagra Brands Inc (NYSE:CAG)’s trailing twelve month revenues are $8.18 Billion, whereas its price to sales ratio for the same period is 1.24. Its book value per share for the most recent quarter is $17.2 while its price to book ratio for the same period is 1.25, as for as the company’s cash per share for the most recent quarter is $0.94, however its price to cash per share ratio for the same period is 22.77. The stock has 5 year expected PEG ratio of 2.77 whereas its trailing twelve month P/E ratio is 17.44.