In a report released today, Robert Dickerson from Jefferies maintained a Hold rating on Conagra Brands (CAG), with a price target of $36.00. The company’s shares closed last Monday at $32.69.
According to TipRanks.com, Dickerson is a 1-star analyst with an average return of -1.4% and a 40.0% success rate. Dickerson 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 $35.64 average price target.
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Conagra Brands’ market cap is currently $15.91B and has a P/E ratio of 19.86. The company has a Price to Book ratio of 2.09.
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.
