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Zacks Investment Research issued a report on ConAgra Foods Inc (NYSE:CAG), bumping up its stock price target to $53.00 today

Yesterday ConAgra Foods Inc (NYSE:CAG) traded -0.17% lower at $47.49. The company’s 50-day moving average is $45.24 and its 200-day moving average is $45.87. The last stock close price is up 3.37% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,020,099 shares of ConAgra Foods Inc exchanged hands, down from an avg. volume of 2,887,870

ConAgra Foods Inc (NYSE:CAG) had its target price raised to $53.00 by Zacks Investment Research in a report released 10/5/2016. The new target price indicates a possible upside of 0.12% based on the company's last stock close price.

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ConAgra Foods Inc (NYSE:CAG)

ConAgra Foods Inc has PE ratio of 31.73 with a one year low of $37.97 and a one year high of $48.81 and has a market capitalization of $0.

A total of 11 firms have reported on CAG. Two equity analysts rating the company a strong buy, four brokerages rating the company a buy, 7 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the company a sell with a 12-month price target of $49.27.

General Company Details For ConAgra Foods Inc (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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