Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Conagra Brands (CAG) Stock Price

News coverage about Conagra Brands (NYSE:CAG) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Conagra Brands earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.0903529082158 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

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Several research analysts have recently issued reports on CAG shares. Credit Suisse Group set a $40.00 price target on Conagra Brands and gave the stock a “hold” rating in a research note on Monday, December 25th. Stifel Nicolaus lifted their price target on Conagra Brands from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Sanford C. Bernstein raised Conagra Brands from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 14th. Zacks Investment Research downgraded Conagra Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Finally, UBS raised Conagra Brands from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $33.00 to $37.00 in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $40.50.

Shares of Conagra Brands (NYSE:CAG) traded up $0.23 during mid-day trading on Friday, reaching $36.61. 4,656,795 shares of the company traded hands, compared to its average volume of 2,774,302. Conagra Brands has a 12-month low of $32.16 and a 12-month high of $41.63. The firm has a market cap of $14,576.04, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 2.32 and a beta of 0.32. The company has a quick ratio of 0.54, a current ratio of 1.11 and a debt-to-equity ratio of 0.86.

Conagra Brands (NYSE:CAG) last announced its earnings results on Thursday, December 21st. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. Conagra Brands had a net margin of 9.04% and a return on equity of 19.58%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the company posted $0.49 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. sell-side analysts predict that Conagra Brands will post 1.96 EPS for the current year.

In other news, SVP Robert G. Wise sold 23,170 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $37.87, for a total transaction of $877,447.90. Following the completion of the transaction, the senior vice president now owns 51,859 shares of the company’s stock, valued at approximately $1,963,900.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joie A. Gregor sold 5,250 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $38.04, for a total transaction of $199,710.00. The disclosure for this sale can be found here. Insiders sold a total of 33,670 shares of company stock valued at $1,276,868 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

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About Conagra Brands

Conagra Brands, Inc, formerly ConAgra Foods, Inc, 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.

Insider Buying and Selling by Quarter for Conagra Brands (NYSE:CAG)

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