Zacks reiterated their sell rating on shares of ConAgra Foods (NYSE:CAG) in a research report released on Wednesday morning, Analyst Ratings Network.com reports. Zacks currently has a $28.00 price objective on the stock.
CAG has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of ConAgra Foods from $31.00 to $33.00 in a research note to investors on Wednesday. They now have a neutral rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a neutral rating on shares of ConAgra Foods in a research note to investors on Wednesday. They now have a $33.00 price target on the stock, up previously from $31.00. Finally, analysts at Sanford C. Bernstein cut their price target on shares of ConAgra Foods from $36.00 to $33.00 in a research note to investors on Monday, September 30th. They now have a market perform rating on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $36.25.
Shares of ConAgra Foods (NYSE:CAG) traded down 0.36% during mid-day trading on Wednesday, hitting $32.155. 394,628 shares of the company’s stock traded hands. ConAgra Foods has a 52 week low of $28.11 and a 52 week high of $37.28. The stock has a 50-day moving average of $31.66 and a 200-day moving average of $33.81. The company has a market cap of $13.566 billion and a price-to-earnings ratio of 20.49.
ConAgra Foods (NYSE:CAG) last posted its quarterly earnings results on Thursday, September 19th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.03. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. On average, analysts predict that ConAgra Foods will post $2.33 earnings per share for the current fiscal year.
ConAgra Foods, Inc (NYSE:CAG) is a food company.
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