Where Conagra Brands Stands With Analysts
Portfolio Pulse from Benzinga Insights
In the last three months, 7 analysts have published ratings on Conagra Brands (NYSE:CAG), with a mix of bullish, somewhat bullish, and indifferent perspectives. The average 12-month price target is $31.43, down from $32.00. Recent analyst actions include one 'Buy' rating from Goldman Sachs and several downgrades from other firms. Conagra Brands faces revenue challenges, a low net margin, and high debt-to-equity ratio.
August 12, 2024 | 4:01 pm
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NEGATIVE IMPACT
Conagra Brands (NYSE:CAG) has received mixed analyst ratings over the past three months, with an average price target of $31.43, down from $32.00. Recent downgrades from Barclays, RBC Capital, Evercore ISI Group, Stifel, Wells Fargo, and Citigroup reflect concerns over the company's financial health, including revenue decline, low net margin, and high debt-to-equity ratio.
The mixed analyst ratings and lowered price targets indicate a cautious outlook on Conagra Brands. The company's financial challenges, including revenue decline, low net margin, and high debt-to-equity ratio, contribute to the negative sentiment. This is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100