ConAgra Foods (CAG) : Analyst Rating Update

ConAgra Foods (CAG) : Zacks Investment Research ranks ConAgra Foods (CAG) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.94, which indicates as a Buy.

ConAgra Foods (CAG) : 7 Wall Street analysts covering ConAgra Foods (CAG) believe that the average level the stock could reach for the short term is $50.86. The maximum price target given is $53 and the minimum target for short term is around $48, hence the standard deviation is calculated at $2.04.

ConAgra Foods (NYSE:CAG): The stock opened at $47.58 on Wednesday but the bulls could not build on the opening and the stock topped out at $47.76 for the day. The stock traded down to $47.47 during the day, due to lack of any buying support eventually closed down at $47.50 with a loss of -0.48% for the day. The stock had closed at $47.73 on the previous day. The total traded volume was 4,748,922 shares.

Also, Equity Analysts at the Citigroup maintains the rating on ConAgra Foods (NYSE:CAG). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $44 per share to $50 per share. The rating by the firm was issued on April 8, 2016. The company shares have rallied 6.90% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $48.81 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $46.37 and the 200 Day Moving Average price is recorded at $43.77.

ConAgra Foods, Inc. operates as a packaged food company. The Company offers branded and private branded food to households, as well as commercial food, which serve various restaurants and foodservice operations. Its brands include Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunts, Marie Callenders, Orville Redenbachers, PAM, Peter Pan, Reddi-wip, Slim Jim and Snack Pack, among others. The Company sells its products under private brand labels in grocery, convenience, mass merchandise, club and drug stores. The Company also supplies frozen potato and sweet potato products, as well as other vegetable, spice, bakery and grain products to restaurants, commercial and foodservice customers. It operates in three segments: Consumer Foods, Commercial Foods and Private Brands. It has international manufacturing facilities in Argentina, Canada and Mexico, and interests in ownership of international manufacturing facilities in India and Mexico.

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