RBC Capital Sticks to Its Hold Rating for Conagra Brands (CAG)

In a report released today, James McGarragle CFA from RBC Capital maintained a Hold rating on Conagra Brands (CAG – Research Report). The company’s shares closed last Thursday at $29.64.

According to TipRanks, McGarragle CFA is ranked #3254 out of 8749 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Conagra Brands with a $29.70 average price target, representing a 0.20% upside. In a report released on March 27, Jefferies also maintained a Hold rating on the stock with a $28.00 price target.

CAG market cap is currently $14.17B and has a P/E ratio of 14.43.

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Conagra Brands (CAG) Company Description:

Conagra Brands, Inc. engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks; Refrigerated and Frozen; International; Foodservice; and Pinnacle Foods. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States. The Refrigerated and Frozen segment comprises branded, temperature controlled food products sold in various retail channels in the United States. The International segment consists branded food products, in various temperature states, sold in various retail and foodservice channels outside of the United States. The Foodservice segment focuses in the branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The Pinnacle Foods segment involves in the commercially branded and private label food and ingredients, in various temperature states, sold in various retail and foodservice channels in the United States and Canada. The company was founded by Alva Kinney and Frank Little in 1919 and is headquartered in Chicago, IL.