In a report released yesterday, Nik Modi from RBC Capital maintained a Hold rating on Conagra Brands (CAG), with a price target of $36.00. The company’s shares closed last Monday at $30.37.
According to TipRanks.com, Modi is a 5-star analyst with an average return of 8.5% and a 72.2% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Mondelez International, and Edgewell Personal Care.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Conagra Brands with a $34.83 average price target, a 13.6% upside from current levels. In a report issued on February 17, Jefferies also assigned a Hold rating to the stock with a $36.00 price target.
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Conagra Brands’ market cap is currently $14.94B and has a P/E ratio of 18.64. The company has a Price to Book ratio of 1.96.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is neutral on the stock.
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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.
