Conagra Brands’ (CAG) Sector Perform Rating Reaffirmed at Royal Bank Of Canada

Conagra Brands (NYSE:CAG)‘s stock had its “sector perform” rating reiterated by stock analysts at Royal Bank Of Canada in a note issued to investors on Thursday, Benzinga reports. They currently have a $14.00 target price on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 4.64% from the stock’s previous close.

A number of other analysts have also weighed in on CAG. UBS Group raised their target price on Conagra Brands from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Sanford C. Bernstein restated an “underperform” rating and issued a $12.00 target price (down from $16.00) on shares of Conagra Brands in a research note on Wednesday, June 3rd. Barclays raised their target price on Conagra Brands from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Morgan Stanley lowered their target price on Conagra Brands from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. Finally, JPMorgan Chase & Co. raised their target price on Conagra Brands from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $14.07.

Conagra Brands Stock Performance

Shares of CAG traded up $0.18 during mid-day trading on Thursday, hitting $13.38. The company’s stock had a trading volume of 19,866,682 shares, compared to its average volume of 15,041,736. The firm has a market capitalization of $6.40 billion, a PE ratio of -3.36 and a beta of 0.02. Conagra Brands has a one year low of $12.53 and a one year high of $20.32. The stock’s 50-day moving average is $15.21 and its two-hundred day moving average is $14.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 1.10.

Conagra Brands (NYSE:CAG) last issued its earnings results on Wednesday, September 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.28 by $0.13. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Conagra Brands had a positive return on equity of 11.46% and a negative net margin of 16.95%.Conagra Brands’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.39 earnings per share. Conagra Brands has set its FY 2027 guidance at 1.400-1.500 EPS. As a group, sell-side analysts anticipate that Conagra Brands will post 1.45 EPS for the current year.

Hedge Funds Weigh In On Conagra Brands

Several institutional investors have recently modified their holdings of the stock. CX Institutional grew its position in shares of Conagra Brands by 71.8% during the 3rd quarter. CX Institutional now owns 6,850 shares of the company’s stock worth $92,000 after buying an additional 2,862 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Conagra Brands by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 474,794 shares of the company’s stock worth $6,391,000 after buying an additional 16,213 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Conagra Brands by 7.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 592,592 shares of the company’s stock worth $7,976,000 after buying an additional 41,185 shares during the period. Altar Rock LLC acquired a new position in shares of Conagra Brands during the 2nd quarter worth about $155,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Conagra Brands during the 2nd quarter worth about $2,097,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Key Conagra Brands News

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Conagra reported quarterly adjusted earnings of $0.41 per share, well above the $0.28 analyst consensus, while revenue of $2.60 billion was slightly ahead of expectations. Management maintained fiscal 2027 EPS guidance of $1.40–$1.50. Conagra Brands Releases Quarterly Earnings Results
• Positive Sentiment: Barclays initiated or reiterated a bullish view with a “Buy” rating, suggesting analysts see potential value in Conagra’s depressed valuation and turnaround efforts. Conagra Brands Receives a Buy from Barclays
• Neutral Sentiment: RBC reaffirmed its “Sector Perform” rating and assigned a $14 price target, indicating limited near-term upside from current levels and a wait-and-see stance on the recovery. RBC Reaffirms Conagra Rating
• Negative Sentiment: Analysts highlighted continuing pressure on margins and declining volumes, with Conagra’s simplification initiatives not yet fully offsetting operational challenges. CAG Q3 Deep Dive
• Negative Sentiment: The frozen-food business faces potential product cannibalization: Conagra has such a broad assortment of frozen meals that its own brands may be competing for limited shelf space and consumer demand. Frozen Food Aisle Competition
• Negative Sentiment: Commentary on the earnings call characterized the turnaround as showing progress but still facing significant pressure, reinforcing concerns that earnings growth may take time. Conagra Brands Earnings Call

Conagra Brands Company Profile

Conagra Brands, Inc is a packaged food company headquartered in Chicago, Illinois. The company develops, produces and markets branded food products sold through grocery stores, mass merchandisers, club stores, convenience stores, foodservice operators and e-commerce channels.

Its portfolio includes frozen, refrigerated, grocery and snack products. Well-known brands include Birds Eye, Healthy Choice, Marie Callender’s, Banquet, Duncan Hines, Reddi-wip, Slim Jim, Hunt’s, Chef Boyardee, Orville Redenbacher’s, Vlasic, PAM and Angie’s BOOMCHICKAPOP.