Analyst Ratings for Conagra Brands Inc. (CAG)

Updated: 2017-07-28

Shares of Conagra Brands Inc. (NYSE:CAG) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, CAG was issued an average rating of Overweight.

Of the 16 analysts covering the stock, 9 gave it a buy rating, 0 issued an overweight rating, 5 issued a hold rating, 1 gave an underweight rating, and 1 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an decrease of 1 in the number of analysts with a negative outlook on the stock.

Several price targets were given for CAG by the analysts covering the stock. The most optimistic analyst gave a price target of 47, implying potential capital gains of 37.27 percent. The minimum price target given was 28.5, implying a possible loss of -16.76 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -2.44 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -3.6 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.53 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -0.79 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 4 analysts made negative revisions. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 5 analysts that revised their FY estimates downwards.

The growth rate of CAG's earnings is estimated by analysts to be 27.3 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of CAG is 0.85.

In the last 52-weeks, CAG has achieved a high of 41.68 and a low of 32.93. Today's price is 3.98 percent above the 52-week low, and 17.85 percent below the high. CAG has a price/earnings ratio of 23.22. Investors typically compare the P/E ratio to a company's peers in the industry. The CAG value stock report compares CAG to some of its peers using value stock charts. The market cap of CAG is $14.31 billion. CAG will post this quarters earnings in days, on 0000-00-00.