Barclays analyst Andrew Lazar maintained a Buy rating on Conagra Brands Inc (CAG) yesterday and set a price target of $33. The company’s shares closed yesterday at $29.78.
According to TipRanks.com, Lazar is a 4-star analyst with an average return of 8.5% and a 68.5% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.
Currently, the analyst consensus on Conagra Brands Inc is a Strong Buy with an average price target of $32.33, implying an 8.6% upside from current levels. In a report released yesterday, J.P. Morgan also reiterated a Buy rating on the stock with a $34 price target.
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The company has a one-year high of $39.43 and a one-year low of $20.22. Currently, Conagra Brands Inc has an average volume of 8.25M.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CAG in relation to earlier this year. Last month, Richard Lenny, a Director at CAG bought 7,053 shares for a total of $80,193.
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Conagra Brands, Inc. engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks; Refrigerated and Frozen; International; Foodservice; and Pinnacle Foods. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States.
