Conagra Brands (NYSE:CAG) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $2.03-2.08 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.05. Conagra Brands also updated its FY 2019 guidance to $2.03-2.08 EPS.
Several research firms have weighed in on CAG. Zacks Investment Research upgraded Conagra Brands from a sell rating to a hold rating in a report on Wednesday. TheStreet lowered Conagra Brands from a b- rating to a c+ rating in a report on Monday, December 3rd. Credit Suisse Group set a $35.00 target price on Conagra Brands and gave the company a hold rating in a report on Monday, November 26th. Barclays restated a buy rating and set a $30.00 target price on shares of Conagra Brands in a report on Sunday, December 23rd. Finally, ValuEngine lowered Conagra Brands from a hold rating to a sell rating in a report on Friday, December 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Conagra Brands presently has an average rating of Buy and an average target price of $41.40.
Conagra Brands stock opened at $25.82 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.69 and a current ratio of 1.47. The stock has a market capitalization of $11.12 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.59 and a beta of 0.74. Conagra Brands has a 52 week low of $20.22 and a 52 week high of $39.43.
Conagra Brands Company Profile
Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.
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