Conagra Brands (NYSE:CAG) Price Target Raised to $19.00 at Morgan Stanley

Conagra Brands (NYSE:CAG) had its price objective upped by analysts at Morgan Stanley from $18.00 to $19.00 in a report issued on Wednesday,MarketScreener reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 3.40% from the stock’s previous close.

CAG has been the subject of several other research reports. Royal Bank Of Canada reduced their price objective on shares of Conagra Brands from $22.00 to $20.00 and set a “sector perform” rating for the company in a report on Monday, December 22nd. Zacks Research lowered shares of Conagra Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. UBS Group restated a “neutral” rating and issued a $20.00 target price on shares of Conagra Brands in a research report on Friday. Wall Street Zen downgraded Conagra Brands from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Finally, The Goldman Sachs Group dropped their price target on shares of Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $19.07.

Conagra Brands Stock Performance

NYSE:CAG traded down $0.51 during midday trading on Wednesday, reaching $18.38. 794,961 shares of the company traded hands, compared to its average volume of 13,079,368. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.89 and a quick ratio of 0.28. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of -83.76 and a beta of -0.01. Conagra Brands has a twelve month low of $15.96 and a twelve month high of $28.51. The company has a fifty day moving average price of $17.83 and a 200 day moving average price of $18.17.

Conagra Brands (NYSE:CAG) last released its quarterly earnings data on Friday, December 19th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $3 billion. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. On average, analysts expect that Conagra Brands will post 2.35 EPS for the current fiscal year.

Institutional Trading of Conagra Brands

A number of institutional investors and hedge funds have recently made changes to their positions in CAG. Evolve Private Wealth LLC bought a new position in shares of Conagra Brands in the 4th quarter valued at approximately $176,000. Balyasny Asset Management L.P. raised its position in shares of Conagra Brands by 118.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 132,932 shares of the company’s stock valued at $2,301,000 after purchasing an additional 857,932 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Conagra Brands by 10.2% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 140,170 shares of the company’s stock worth $2,427,000 after buying an additional 13,028 shares during the last quarter. Boothbay Fund Management LLC boosted its holdings in shares of Conagra Brands by 83.8% during the 4th quarter. Boothbay Fund Management LLC now owns 21,145 shares of the company’s stock worth $366,000 after buying an additional 9,638 shares during the period. Finally, Guggenheim Capital LLC grew its stake in Conagra Brands by 2.1% in the 4th quarter. Guggenheim Capital LLC now owns 187,582 shares of the company’s stock valued at $3,247,000 after buying an additional 3,935 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Key Stories Impacting Conagra Brands

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Management reaffirmed fiscal 2026 guidance (EPS $1.70–$1.85) and emphasized strong cash generation, which reduces execution risk and supports the outlook. Conagra Reaffirms 2026 Outlook, Highlights Strong Cash Generation
• Positive Sentiment: Wells Fargo raised its price target from $18 to $20 and kept an “equal weight” rating — a modest vote of confidence that implies limited upside but supports the idea the shares are fairly valued at current levels. Wells Fargo adjusts price target on Conagra Brands to $20
• Neutral Sentiment: Prepared remarks from Conagra’s presentation at the Consumer Analyst Group of New York (CAGNY) provide detail on strategy, brand priorities and cost structure; useful for investors doing deeper diligence but not market-moving on its own. CAGNY Prepared Remarks Transcript
• Neutral Sentiment: Company slideshow from the CAGNY presentation lays out the same messaging (growth initiatives, margin priorities); useful reference for models but not a catalyst by itself. CAGNY Slideshow
• Negative Sentiment: Market headlines focused on the stock’s drop despite the reaffirmed guidance, signaling that sector sentiment (and lingering concerns about demand and revenue trends) is outweighing Conagra’s guidance comfort. Conagra falls despite reaffirming fiscal 2026 guidance
• Negative Sentiment: Commentary pieces explain that the company’s update and CAGNY materials didn’t inspire investors—pointing to revenue weakness, prior quarter misses, and sector headwinds as the likely reasons for today’s selloff. Why Conagra Brands Stock Sank Today

About Conagra Brands

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.