Conagra Foods (NYSE:CAG):
Conagra Brands Honors Nine Facilities Achieving 95 Percent Waste Diversion As Zero Waste Champions.
The company is trading down from yesterday’s close of 35.87.
Conagra Brands, Inc., formerly ConAgra Foods, Inc., launched on December 5, 1975, operates as a packaged food company. The Company operates through two segments: Consumer Foods and Commercial Foods. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers. Conagra Foodservice offers products to restaurants, retailers, commercial customers and other foodservice suppliers. The Company also operates in the countries outside the United States, such as Canada and Mexico. Its brands include Marie Callender’s, Healthy Choice, Slim Jim, Hebrew National, Orville Redenbacher’s, Peter Pan, Reddi-wip, PAM, Snack Pack, Banquet, Chef Boyardee, Egg Beaters, Rosarita, Fleischmann’s and Hunt’s. The Company sells its products in grocery, convenience, mass merchandise and club stores..
The P/E ratio is currently 25.61 and market cap is 14.49B. As of the last earnings report the EPS was $1.39 with 408.50M shares currently outstanding.
Investors are feeling more bullish on shares of the company if you pay attention to the fall in short interest. The firm had a fall in short interest of -3.53% as of October 31, 2017 from the last reporting period. Short shares decreased 568,682 over that timeframe. Days to cover decreased from 5.0 to 5.0 and the short interest percentage is 0.04% as of October 31.
Several brokerages have weighed in on Conagra Foods. On October 3 Jefferies Group LLC maintained a company rating of “Buy” projecting a price of $40.00.
September 29 investment analysts at Royal Bank Of Canada held the company rating at “Buy” targeting a price of $45.00. Equity analyst Morgan Stanley lowered the price target of the stock on September 25 changing the forecast from $42.00 to $40.00 and stated a “Overweight” rating.
Credit Suisse Group lowered the price target on September 25 cutting the projection from $39.00 to $37.00 and issued a “Neutral” recommendation. August 11 investment analysts at Credit Suisse Group kept the stock rating at “Hold” with a current price target of $39.00.Advertisement