Conagra Brands Inc (CAG) Gets a Hold Rating from Credit Suisse
Credit Suisse analyst Robert Moskow maintained a Hold rating on Conagra Brands Inc (CAG) on September 17 and set a price target of $29. The company’s shares closed last Monday at $29.50.
According to TipRanks.com, Moskow is a 3-star analyst with an average return of 2.9% and a 50.7% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Nomad Foods Ltd, and Bunge Limited.
Currently, the analyst consensus on Conagra Brands Inc is a Strong Buy with an average price target of $32.38, which is a 7.9% upside from current levels. In a report issued on September 6, Goldman Sachs also downgraded the stock to Hold with a $31 price target.
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The company has a one-year high of $37.60 and a one-year low of $20.22. Currently, Conagra Brands Inc has an average volume of 4.81M.
Based on the recent corporate insider activity of 52 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. Last month, Richard Lenny, a Director at CAG sold 20,153 shares for a total of $549,572.
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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.