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.

A number of analysts gave price targets for CAG. The maximum price target given was 47, which equates to a potential upside of 37.27 percent. The most pessimistic analyst gave a price target of 28.5, which equates to a potential downside of -16.76 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates downwards for this quarter, by about -2.44 percent on average, compared to last month. The average change in earnings estimates over the last 90 days 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 revised their estimates downwards. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 5 analysts made negative revisions to their fiscal year's estimates.

CAG has an estimated earnings growth rate of 27.3 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. CAG has a PEG ratio of 0.85.

CAG has a 52-week high of 41.68 and a 52-week low of 32.93. The current market price is above the trailing year's low by 3.98 percent, and 17.85 percent lower than its 52-week high. CAG has a P/E 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.