Conagra Brands Inc (NYSE:CAG) fell -3.91% during previous trade. UBS issued rating on the stock of Conagra Brands Inc (NYSE:CAG) in a research note issued to investors on Apr-25-17, the stock received “Downgrade” rating from Neutral to Sell from $38 to $35. Additionally Bernstein issued their verdict on the stock of the company, on record date of Mar-21-17 the stock was “Downgraded” from Mkt Perform to Underperform besides that on Feb-15-17 Conagra Brands Inc (NYSE:CAG) was “Initiated” by Deutsche Bank as Buy at $46. Furthermore on Jan-11-17 the stock was “Upgraded” by Citigroup as Neutral from Neutral to Buy.
Conagra Brands Inc (NYSE:CAG) shares ended last trading session at the price of $39.33 whereas a number of traders indicating mean target price will hit $42.86 over the next twelve months, mean value of price target most recently revised on 03/24/17. Conagra Brands Inc (NYSE:CAG)’s highest estimates of price target are $47 and low forecast is $37 based on the opinion of 14 analysts. The price target estimates represents a standard deviation of 6.13. However brokerage recommendations suggests an ABR of 2.05 based on calls of 11 experts, where 5 brokers polls the stock a Strong Buy, 2 suggest the stock a Buy, 3 suggest Hold, 0 are rating the stock as Sell while 0 as Strong Sell.
Conagra Brands Inc (NYSE:CAG) is expected to release the earnings of its current quarter on 6/29/17. The company is expected to release $0.38 EPS for current quarter according to 13 analysts whereas the company reported $0.52 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $0.34 and high estimate of $0.41. For the current year Conagra Brands Inc (NYSE:CAG) has set to release EPS of $1.72 as per the sentiments of 12 analysts, however according to 14 analysts, the company expected to release $1.88 EPS for next year.
Conagra Brands Inc (NYSE:CAG)’s average revenue estimates for the current quarter are $1.86B according to 10 number of analysts. However its lowest revenue estimates are $1.84B and highest revenue estimates are $1.89B. A year ago the company’s sales were $2.83B. Its yearly sales growth estimates are -34.10%. For the next quarter the company has anticipated average revenues of $1.8B, according to the sentiments of 8 analysts. For the current year the company has fixed $7.78B revenues, as per the opinion of 13 analysts. For the current year the company has low revenue estimates of $7.75B in contradiction of high revenue estimates of $7.86B. Whereas for the next year revenues are set at $7.68B by 13 analysts.
The stock exchanged hands 1.77M shares versus average trading capacity of 2.88M shares, while its shares’ total market worth is $16.85B along with 425.50M outstanding shares. Conagra Brands Inc (NYSE:CAG) shares were trading -5.64% below from the 52-week high price mark of $41.68 and +20.12% above from the 52-week price bottom of $32.74. However the company observed 52 week high price on 03/01/17 and witnessed 52 week low price on 09/21/16. The company’s price sits -3.11% below from its 50-day moving average of $40.60 and 4.30% far from the stock’s 200-day moving average which is $38.92. Conagra Brands Inc (NYSE:CAG)’s price to sales ratio for trailing twelve month stands at 1.78, whereas its price to book ratio for most recent quarter sits at 4.02. However the company’s price to cash per share for most recent quarter stands at 24.70. Its price to free cash flow for trailing twelve months is 53.21.