Conagra Brands (CAG) Projected to Post Earnings on Thursday

Conagra Brands (NYSE:CAG) is projected to release its earnings data before the market opens on Thursday, April 3rd. Analysts expect Conagra Brands to post earnings of $0.54 per share and revenue of $2.92 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Conagra Brands Price Performance

Shares of NYSE CAG opened at $26.60 on Wednesday. The firm has a market cap of $12.70 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The business’s 50 day moving average is $25.67 and its 200-day moving average is $27.53. The company has a current ratio of 0.70, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71. Conagra Brands has a 1-year low of $23.06 and a 1-year high of $33.24.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CAG shares. Stifel Nicolaus lowered their price objective on Conagra Brands from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group lowered shares of Conagra Brands from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $33.00 to $26.00 in a research report on Monday, February 24th. Citigroup cut their price objective on shares of Conagra Brands from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, December 11th. JPMorgan Chase & Co. lowered their target price on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 price target on shares of Conagra Brands in a research report on Friday, December 20th. Nine research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.20.

About Conagra Brands

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.