Conagra Brands (CAG) Projected to Post Earnings on Thursday

Conagra Brands (NYSE:CAG) is expected to post its quarterly earnings results 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Conagra Brands Stock Performance

Shares of Conagra Brands stock opened at $25.92 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The company has a market capitalization 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 stock’s fifty day moving average is $25.61 and its two-hundred day moving average is $27.72. Conagra Brands has a 52 week low of $23.06 and a 52 week high of $33.24.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CAG. Wells Fargo & Company lowered their price objective on shares of Conagra Brands from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 price objective on shares of Conagra Brands in a research report on Friday, December 20th. The Goldman Sachs Group cut Conagra Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $26.00 in a report on Monday, February 24th. Morgan Stanley started coverage on Conagra Brands in a report on Monday. They issued an “equal weight” rating and a $27.00 price target for the company. Finally, Citigroup decreased their price target on Conagra Brands from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 11th. 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 presently has an average rating of “Hold” and a consensus target price of $28.20.

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.