Deutsche Bank Maintains ConAgra Foods Inc to Hold with Price Target $46.00

Brokerage firm Deutsche Bank Maintains its rating on ConAgra Foods Inc(NYSE:CAG). In a research note issued to the investors, the brokerage major Lowers the price-target to $46.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Sep 23, 2016.

In a different note, On Jul 27, 2016, Jefferies said it Maintains its rating on ConAgra Foods Inc. In the research note, the firm Raises the price-target to $55.00 per share. The shares have been rated ‘Buy’ by the firm.

ConAgra Foods Inc (CAG) made into the market gainers list on Tuesdays trading session with the shares advancing 0.46% or 0.2 points. Due to strong positive momentum, the stock ended at $43.24, which is also near the day’s high of $43.53. The stock began the session at $43.21 and the volume stood at 28,13,619 shares. The 52-week high of the shares is $48.81 and the 52 week low is $37.97. The company has a current market capitalization of $18,970 M and it has 43,87,20,100 shares in outstanding.

ConAgra Foods Inc(CAG) last announced its earnings results on Jun 30, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $2.83B. Analysts had an estimated revenue of $2.89B. Earnings per share were $0.52. Analysts had estimated an EPS of $0.52.

Several Insider Transactions has been reported to the SEC. On Jul 19, 2016, Robert G Wise (SVP, Corporate Controller) sold 15,708 shares at $47.90 per share price.Also, On Jul 8, 2016, Rajive Johri (director) sold 15,000 shares at $47.53 per share price.On Jul 8, 2016, William G Jurgensen (director) sold 4,636 shares at $47.88 per share price, according to the Form-4 filing with the securities and exchange commission.

ConAgra Foods Inc. operates as a packaged food company. The Company offers branded and private branded food to households as well as commercial foods which serves various restaurants and foodservice operations. The Company operates in three segments: Consumer Foods Commercial Foods and Private Brands. Its brands include Banquet Chef Boyardee Egg Beaters Healthy Choice Hebrew National Hunt’s Marie Callender’s Orville Redenbacher’s 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. Additionally ConAgra Foods supplies frozen potato and sweet potato products as well as other vegetable spice bakery and grain products to restaurants commercial and foodservice customers. It has international manufacturing facilities in Argentina Mexico and interests in ownership of international manufacturing facilities in India and Mexico.

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