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) : The highest level ConAgra Foods (NYSE:CAG) is projected to reach is $53 for the short term and the lowest estimate is at $48. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $50.86 and the possibility the share price can swing is $2.04.
For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup 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 Neutral by the stock experts at the ratings house. Citigroup raises the price target from $44 per share to $50 per share on ConAgra Foods . The rating by the firm was issued on April 8, 2016.
ConAgra Foods (NYSE:CAG): stock turned positive on Tuesday. Though the stock opened at $47.09, the bulls momentum made the stock top out at $47.29 level for the day. The stock recorded a low of $46.71 and closed the trading day at $47.1, in the green by 0.30%. The total traded volume for the day was 3,330,060. The stock had closed at $46.96 in the previous days trading.
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.
By: Jim Swaby (Trade Calls).
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