Conagra Brands (NYSE:CAG) Receiving Somewhat Positive Media Coverage, Study Shows

Media coverage about Conagra Brands (NYSE:CAG) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Conagra Brands earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.987154140849 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

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CAG has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on Conagra Brands from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Credit Suisse Group set a $40.00 price target on Conagra Brands and gave the stock a “hold” rating in a report on Monday, December 25th. Zacks Investment Research upgraded Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Thursday, February 22nd. Jefferies Group reissued a “buy” rating and issued a $44.00 target price on shares of Conagra Brands in a research report on Thursday, March 22nd. Finally, UBS raised their target price on Conagra Brands from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, March 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Conagra Brands presently has a consensus rating of “Hold” and an average price target of $41.67.

Shares of NYSE CAG traded up $0.28 during mid-day trading on Tuesday, hitting $37.49. The company had a trading volume of 1,830,467 shares, compared to its average volume of 3,220,547. The stock has a market cap of $14,744.32, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.25 and a beta of 0.28. Conagra Brands has a 1 year low of $32.16 and a 1 year high of $41.03. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.52 and a current ratio of 1.03.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Thursday, March 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.05. Conagra Brands had a return on equity of 21.08% and a net margin of 11.36%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the company earned $0.48 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. sell-side analysts predict that Conagra Brands will post 2.05 EPS for the current year.

In related news, Director Ruth Ann Marshall sold 6,046 shares of the business’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $35.86, for a total transaction of $216,809.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Robert G. Wise sold 5,908 shares of the business’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $37.12, for a total value of $219,304.96. Following the transaction, the senior vice president now owns 22,781 shares in the company, valued at approximately $845,630.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,046 shares of company stock valued at $885,695. Corporate insiders own 0.79% of the company’s stock.

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Conagra Brands Company Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

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

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