Analyst Rating Update on ConAgra Foods (CAG)

ConAgra Foods (CAG) : 4 brokerage houses believe that ConAgra Foods (CAG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ConAgra Foods (CAG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 1.94.

ConAgra Foods (CAG) : The consensus price target for ConAgra Foods (CAG) is $51.86 for the short term with a standard deviation of $2.48. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $56, however, the pessimist price target for the company is $48.

For the current week, the company shares have a recommendation consensus of Buy. Also, Jefferies maintains its view on ConAgra Foods (NYSE:CAG) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Jefferies raises the price target from $55 per share to $56 per share on ConAgra Foods . The rating by the firm was issued on July 27, 2016.


ConAgra Foods (NYSE:CAG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.74 and $46.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.94, notching a gain of 0.43% for the day. The total traded volume was 3,638,505 . The stock had closed at $46.74 on the previous day.

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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