Citigroup Maintains ConAgra Foods Inc to Neutral with Price Target $51.00

Brokerage firm Citigroup Maintains its rating on ConAgra Foods Inc(NYSE:CAG). In a research note issued to the investors, the brokerage major Raises the price-target to $51.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Sep 30, 2016.

In a different note, On Sep 23, 2016, Deutsche Bank said it Maintains its rating on ConAgra Foods Inc. In the research note, the firm Lowers the price-target to $48.00 per share. The shares have been rated ‘Hold’ by the firm. 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) shares turned negative on Tuesdays trading session with the shares closing down -0.04 points or -0.08% at a volume of 39,97,248. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $47.89. The peak price level was also seen at $47.89 while the days lowest was $47.34. Finally the shares closed at $47.49. The 52-week high of the shares is $48.81 while the 52-week low is $37.97. According to the latest information available, the market cap of the company is $20,835 M.

ConAgra Foods Inc has also declared a cash dividend of $0.2500 on Sep 23, 2016. The shares will quote ex-dividend on Oct 27, 2016 and the record date has been fixed on Oct 31, 2016. The dividend payable date has been fixed on Nov 30, 2016.

ConAgra Foods Inc(CAG) last announced its earnings results on Sep 29, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $2.67B. Analysts had an estimated revenue of $2.75B. Earnings per share were $0.61. Analysts had estimated an EPS of $0.48.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

ConAgra Foods Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on ConAgra Foods Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.