Short Term Price Target on ConAgra Foods (CAG)

ConAgra Foods (NYSE:CAG) : 7 Wall Street analysts covering ConAgra Foods (NYSE: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, Inc. has dropped 0.21% in the last five trading days, however, the shares have posted positive gains of 4.62% in the last 4 weeks. ConAgra Foods, Inc. is up 5.07% in the last 3-month period. Year-to-Date the stock performance stands at 14.77%.

ConAgra Foods (NYSE:CAG) : The consensus on ConAgra Foods (NYSE:CAG) based on 9 analyst recommendation on the company stock is 1.94, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

ConAgra Foods (NYSE:CAG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.82 and $46.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.81, notching a gain of 0.44% for the day. The total traded volume was 5,943,250 . The stock had closed at $47.60 on the previous day.

In an insider trading activity,The officer (SVP, Treasurer&Asst. Secretary) of Conagra Foods Inc /De/, Messel Scott E sold 22,992 shares at $46.3 on April 11, 2016. The Insider selling transaction had a total value worth of $1,064,530. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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