Stifel Nicolaus issued a report on ConAgra Foods (NYSE:CAG), upping its target price to $52.00 today
- Updated: October 19, 2016
ConAgra Foods (NYSE:CAG) had its target bumped up to $52.00 by Stifel Nicolaus in a report released 10/19/2016. The new target price indicates a potential upside of 0.07% from the company's previous closing price.
Previously on 10/14/2016, RBC Capital Markets released a statement on ConAgra Foods (NYSE:CAG) upped the target price from $50.00 to $54.00 that suggested an upside of 0.15%.
Boasting a price of $48.38, ConAgra Foods (NYSE:CAG) traded 0.00% even on the day. The last closing price is up 4.99% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $45.50 and a 200-day moving average of $46.08. 0 shares of the stock were exchanged, down from an average trading volume of 2,855,510
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ConAgra Foods has a 52 week low of $37.97 and a 52 week high of $48.81 with a P/E ratio of 32.38 The company’s market cap is currently $0.
A total of 11 analysts have released a report on ConAgra Foods. Two analysts rating the company a strong buy, four analysts rating the company a buy, seven analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $49.27.
About ConAgra Foods (NYSE:CAG)
ConAgra Foods, Inc. operates as a packaged food company. The Company sells branded, private branded and customized food products, as well as commercially branded foods and ingredients. It also supplies frozen potato and sweet potato products, as well as other vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers. The Company operates through two segments: Consumer Foods and Commercial Foods. The Consumer Foods segment includes branded food sold in various retail channels primarily in North America. The Company's Commercial Foods segment includes commercially branded and private label food and ingredients. Its brands include Marie Callender's, Healthy Choice, Slim Jim, Hebrew National, Orville Redenbacher's, Peter Pan, Reddi-wip, PAM, Snack Pack, Banquet, Chef Boyardee, Egg Beaters and Hunt's. The Company sells its products in grocery, convenience, mass merchandise and club stores.
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