In a report released yesterday, Andrew Lazar from Barclays maintained a Buy rating on Conagra Brands (CAG), with a price target of $37.00. The company’s shares closed last Thursday at $33.47.
According to TipRanks.com, Lazar is a 5-star analyst with an average return of 6.5% and a 62.0% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Conagra Brands with a $33.55 average price target.
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Based on Conagra Brands’ latest earnings release for the quarter ending February 29, the company reported a quarterly revenue of $2.56 billion and net profit of $204 million. In comparison, last year the company earned revenue of $2.71 billion and had a net profit of $242 million.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CAG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The Refrigerated and Frozen segment comprises branded, temperature controlled food products sold in various retail channels in the United States. The International segment consists branded food products, in various temperature states, sold in various retail and foodservice channels outside of the United States. The Foodservice segment focuses in the branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The Pinnacle Foods segment involves in the commercially branded and private label food and ingredients, in various temperature states, sold in various retail and foodservice channels in the United States and Canada. The company was founded by Alva Kinney and Frank Little in 1919 and is headquartered in Chicago, IL.
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