Credit Suisse Sticks to Their Hold Rating for Conagra Brands Inc (CAG)
In a report released today, Robert Moskow from Credit Suisse maintained a Hold rating on Conagra Brands Inc (CAG), with a price target of $24. The company’s shares opened today at $22.31, close to its 52-week low of $20.22.
According to TipRanks.com, Moskow is a 3-star analyst with an average return of 1.9% and a 50.8% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as McCormick & Company, TreeHouse Foods, and Campbell Soup.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Conagra Brands Inc with a $33.83 average price target.
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Conagra Brands Inc’s market cap is currently $8.56B and has a P/E ratio of 12.13. The company has a Price to Book ratio of 2.34.
Based on the recent corporate insider activity of 70 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.
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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 Commercial Foods. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States.