Conagra Brands (NYSE:CAG) Research Coverage Started at Morgan Stanley

Morgan Stanley began coverage on shares of Conagra Brands (NYSE:CAG) in a research note published on Monday, Marketbeat reports. The brokerage issued an equal weight rating and a $27.00 price target on the stock.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Conagra Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Citigroup cut their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, December 11th. Stifel Nicolaus decreased their price objective on Conagra Brands from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Bank of America dropped their price objective on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Finally, Wells Fargo & Company reduced their target price on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Conagra Brands currently has an average rating of “Hold” and a consensus target price of $28.20.

Conagra Brands Trading Up 2.3 %

Shares of NYSE CAG opened at $25.92 on Monday. Conagra Brands has a twelve month low of $23.06 and a twelve month high of $33.24. The firm has a market cap of $12.37 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.76 and a beta of 0.18. The business has a fifty day simple moving average of $25.61 and a two-hundred day simple moving average of $27.72. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71.

Institutional Investors Weigh In On Conagra Brands

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Conagra Brands in the 4th quarter worth $28,000. Riverview Trust Co acquired a new position in shares of Conagra Brands in the fourth quarter valued at about $29,000. Grove Bank & Trust increased its holdings in shares of Conagra Brands by 65.4% in the fourth quarter. Grove Bank & Trust now owns 1,131 shares of the company’s stock valued at $31,000 after purchasing an additional 447 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Conagra Brands in the fourth quarter worth about $41,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Conagra Brands during the fourth quarter worth about $44,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

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.