Media headlines about Conagra Brands (NYSE:CAG) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Conagra Brands earned a news impact score of 0.18 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.6609685388552 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
Shares of NYSE CAG traded down $0.34 during midday trading on Wednesday, reaching $37.17. 2,547,413 shares of the stock were exchanged, compared to its average volume of 3,216,538. The company has a market capitalization of $14,908.59, a P/E ratio of 21.36, a P/E/G ratio of 2.27 and a beta of 0.28. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.03 and a quick ratio of 0.52. Conagra Brands has a twelve month low of $32.16 and a twelve month high of $41.03.
Conagra Brands (NYSE:CAG) last announced its quarterly earnings results on Thursday, March 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.05. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2 billion. Conagra Brands had a net margin of 11.36% and a return on equity of 21.08%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. research analysts expect that Conagra Brands will post 2.05 EPS for the current year.
A number of analysts have commented on the stock. Jefferies Group reiterated a “buy” rating and issued a $44.00 price objective on shares of Conagra Brands in a report on Thursday, March 22nd. UBS increased their price objective on shares of Conagra Brands from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, March 23rd. JPMorgan Chase cut their price objective on shares of Conagra Brands from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, March 23rd. Royal Bank of Canada reiterated a “buy” rating and issued a $46.00 price objective on shares of Conagra Brands in a report on Friday, March 23rd. Finally, Zacks Investment Research upgraded shares of Conagra Brands from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $41.67.
In other news, SVP Robert G. Wise sold 5,908 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $37.12, for a total transaction of $219,304.96. Following the completion of the sale, the senior vice president now owns 22,781 shares in the company, valued at approximately $845,630.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen G. Butler sold 12,092 shares of the firm’s stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $37.18, for a total transaction of $449,580.56. Following the sale, the director now owns 127,755 shares of the company’s stock, valued at approximately $4,749,930.90. The disclosure for this sale can be found here. Insiders have sold a total of 24,046 shares of company stock valued at $885,695 in the last 90 days. Insiders own 0.79% of the company’s stock.
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About Conagra Brands
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.
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