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 most optimistic price target was 47, implying potential capital gains 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. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

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. Over the past 30 days, FY earnings estimates have also changed downwards by -0.53 percent. 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. 0 analysts made positive revisions to their quarterly estimates over the past month, while 4 analysts revised their estimates downwards. Over the same time period, 3 analysts revised their FY earnings estimates upwards, 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. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of CAG is 0.85.

In the trailing 52-weeks, CAG hit 41.68 at the highest peak, while it's lowest trading point was 32.93. The current market price is above the trailing year's low by 3.98 percent, and below the high by 17.85 percent. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.