Conagra Brands (CAG) Stock Forecast, Price Target & Predictions
CAG Stock Forecast
Conagra Brands stock forecast is as follows: an average price target of $35.25 (represents a 22.52% upside from CAG’s last price of $28.77) and a rating consensus of 'Hold', based on 17 wall street analysts offering a 1-year stock forecast.
CAG Price Target
CAG Analyst Ratings
Conagra Brands Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Sep 24, 2024 | Rob Dickerson | Jefferies | $30.00 | $32.31 | -7.15% | 4.28% |
Sep 24, 2024 | Thomas Palmer | Coker Palmer | $33.00 | $32.31 | 2.14% | 14.70% |
Aug 12, 2024 | Leah Jordan | Goldman Sachs | $36.00 | $29.82 | 20.74% | 25.13% |
Jul 12, 2024 | Matthew Smith | Stifel Nicolaus | $30.00 | $28.38 | 5.71% | 4.28% |
Apr 08, 2024 | Andrew Lazar | Barclays | $34.00 | $31.09 | 9.36% | 18.18% |
Apr 05, 2024 | Chris Carey | Wells Fargo | $32.00 | $30.64 | 4.44% | 11.23% |
Apr 05, 2024 | Matthew Smith | Stifel Nicolaus | $32.00 | $30.64 | 4.44% | 11.23% |
Apr 05, 2024 | Thomas Palmer | Coker Palmer | $32.00 | $30.64 | 4.44% | 11.23% |
Apr 05, 2024 | Pamela Kaufman | Morgan Stanley | $32.00 | $30.64 | 4.44% | 11.23% |
Apr 04, 2024 | Arun Sundaram | CFRA | $34.00 | $30.64 | 10.97% | 18.18% |
Conagra Brands Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | 3 | 13 |
Avg Price Target | - | $33.00 | $31.92 |
Last Closing Price | $28.77 | $28.77 | $28.77 |
Upside/Downside | -100.00% | 14.70% | 10.95% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Oct 17, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
Oct 16, 2024 | Evercore ISI | Neutral | Neutral | Hold |
Oct 03, 2024 | Cowen & Co. | Hold | Hold | Hold |
Oct 03, 2024 | Cowen & Co. | Buy | Buy | Hold |
Sep 24, 2024 | Jefferies | Hold | Hold | Hold |
Sep 24, 2024 | Citigroup | Neutral | Neutral | Hold |
Aug 12, 2024 | Goldman Sachs | - | Buy | Initialise |
Aug 08, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
Aug 08, 2024 | Evercore ISI | Neutral | Neutral | Hold |
Jul 12, 2024 | Evercore ISI | Neutral | Neutral | Hold |
Conagra Brands Financial Forecast
Conagra Brands Revenue Forecast
May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.21B | $2.90B | $2.97B | $3.09B | $3.31B | $2.90B | $2.91B | $2.91B | $3.06B | $2.65B | $2.74B | $2.77B | $3.00B | $2.68B | $3.29B | $2.56B |
Avg Forecast | $3.02B | $3.11B | $3.23B | $2.87B | $2.98B | $3.06B | $3.18B | $2.83B | $2.93B | $3.03B | $3.15B | $2.84B | $2.93B | $3.01B | $3.23B | $2.95B | $3.00B | $3.08B | $3.28B | $2.85B | $2.93B | $2.85B | $3.02B | $2.54B | $2.71B | $2.72B | $2.99B | $2.61B | $3.15B | $2.58B |
High Forecast | $3.04B | $3.13B | $3.25B | $2.89B | $3.00B | $3.08B | $3.20B | $2.85B | $2.95B | $3.05B | $3.17B | $2.84B | $2.93B | $3.01B | $3.30B | $2.97B | $3.02B | $3.10B | $3.30B | $2.87B | $2.95B | $2.86B | $3.04B | $2.56B | $2.73B | $2.73B | $3.01B | $2.62B | $3.17B | $2.60B |
Low Forecast | $3.00B | $3.08B | $3.21B | $2.85B | $2.96B | $3.03B | $3.16B | $2.81B | $2.91B | $3.02B | $3.14B | $2.84B | $2.93B | $3.01B | $3.19B | $2.93B | $2.98B | $3.06B | $3.25B | $2.83B | $2.91B | $2.82B | $2.99B | $2.52B | $2.69B | $2.70B | $2.97B | $2.59B | $3.13B | $2.56B |
# Analysts | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 9 | 9 | 4 | 4 | 4 | 8 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 6 | 4 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.98% | 0.99% | 1.00% | 1.01% | 1.02% | 0.99% | 1.02% | 1.01% | 1.04% | 1.01% | 1.02% | 1.00% | 1.03% | 1.04% | 0.99% |
Conagra Brands EBITDA Forecast
May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 9 | 9 | 4 | 4 | 4 | 8 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 6 | 4 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $334.80M | $382.70M | $155.90M | $587.50M | $555.70M | $78.70M | $233.10M | $467.90M | $551.90M | $496.10M | $431.10M | $580.60M | $665.50M | $625.40M | $483.70M | $491.40M |
Avg Forecast | $503.44M | $518.25M | $539.13M | $478.73M | $497.36M | $509.94M | $531.38M | $472.18M | $488.43M | $505.46M | $526.22M | $474.29M | $489.25M | $623.75M | $539.78M | $492.52M | $500.16M | $567.05M | $642.80M | $475.39M | $488.76M | $515.50M | $503.25M | $423.79M | $452.66M | $570.59M | $499.44M | $434.95M | $526.25M | $259.16M |
High Forecast | $506.75M | $521.66M | $542.68M | $481.88M | $500.64M | $513.30M | $534.89M | $475.29M | $491.65M | $508.81M | $529.56M | $474.39M | $489.25M | $748.51M | $551.44M | $495.77M | $503.45M | $680.46M | $771.36M | $478.56M | $492.02M | $618.60M | $506.61M | $426.62M | $455.68M | $684.71M | $502.77M | $437.85M | $529.76M | $311.00M |
Low Forecast | $499.99M | $514.69M | $535.43M | $475.45M | $493.95M | $506.44M | $527.74M | $468.94M | $485.08M | $503.79M | $524.55M | $474.19M | $489.25M | $499.00M | $533.12M | $489.15M | $496.73M | $453.64M | $514.24M | $471.82M | $485.10M | $412.40M | $499.48M | $420.62M | $449.27M | $456.47M | $495.70M | $431.68M | $522.31M | $207.33M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.62% | 0.78% | 0.31% | 1.04% | 0.86% | 0.17% | 0.48% | 0.91% | 1.10% | 1.17% | 0.95% | 1.02% | 1.33% | 1.44% | 0.92% | 1.90% |
Conagra Brands Net Income Forecast
May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 9 | 9 | 4 | 4 | 4 | 8 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 6 | 4 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $231.90M | $284.40M | $-26.70M | $341.70M | $381.90M | $-126.70M | $110.20M | $170.80M | $246.40M | $235.40M | $309.50M | $281.40M | $378.90M | $329.00M | $201.40M | $204.40M |
Avg Forecast | $308.66M | $352.57M | $355.61M | $302.20M | $321.32M | $354.96M | $337.30M | $273.10M | $314.38M | $349.05M | $324.70M | $286.03M | $275.17M | $264.26M | $326.08M | $286.12M | $285.80M | $240.24M | $320.88M | $250.85M | $303.72M | $218.40M | $325.82M | $232.44M | $249.12M | $276.55M | $353.50M | $275.83M | $317.38M | $212.74M |
High Forecast | $311.31M | $355.59M | $358.65M | $304.78M | $324.07M | $358.00M | $340.19M | $275.44M | $317.07M | $353.84M | $329.48M | $286.63M | $275.19M | $317.12M | $335.81M | $288.57M | $288.25M | $288.29M | $385.05M | $253.03M | $306.35M | $262.08M | $328.65M | $234.45M | $251.28M | $331.86M | $356.57M | $278.22M | $320.13M | $255.29M |
Low Forecast | $305.91M | $349.43M | $352.44M | $299.50M | $318.46M | $351.79M | $334.29M | $270.67M | $311.58M | $334.71M | $305.60M | $285.42M | $275.15M | $211.41M | $321.21M | $283.57M | $283.26M | $192.19M | $256.70M | $248.41M | $300.76M | $174.72M | $322.65M | $230.17M | $246.69M | $221.24M | $350.06M | $273.14M | $314.28M | $170.19M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.71% | 0.99% | -0.09% | 1.42% | 1.19% | -0.51% | 0.36% | 0.78% | 0.76% | 1.01% | 1.24% | 1.02% | 1.07% | 1.19% | 0.63% | 0.96% |
Conagra Brands SG&A Forecast
May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 9 | 9 | 4 | 4 | 4 | 8 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 6 | 4 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $398.10M | $334.10M | $726.40M | $348.80M | $372.70M | $741.60M | $499.30M | $338.00M | $345.40M | $310.10M | $435.30M | $309.70M | $357.70M | $300.30M | $532.00M | $319.90M |
Avg Forecast | $417.56M | $429.84M | $447.16M | $397.06M | $412.52M | $422.95M | $440.74M | $391.63M | $405.11M | $419.24M | $436.46M | $393.38M | $405.79M | $408.98M | $447.70M | $408.51M | $414.84M | $371.80M | $402.29M | $394.29M | $405.39M | $338.00M | $417.40M | $351.50M | $375.44M | $304.36M | $414.25M | $360.75M | $436.48M | $332.96M |
High Forecast | $420.31M | $432.68M | $450.11M | $399.68M | $415.24M | $425.74M | $443.64M | $394.21M | $407.78M | $422.01M | $439.23M | $393.46M | $405.79M | $490.78M | $457.38M | $411.20M | $417.57M | $446.16M | $482.75M | $396.93M | $408.09M | $405.60M | $420.19M | $353.85M | $377.95M | $365.23M | $417.01M | $363.16M | $439.39M | $399.55M |
Low Forecast | $414.70M | $426.90M | $444.10M | $394.34M | $409.69M | $420.05M | $437.72M | $388.95M | $402.33M | $417.85M | $435.07M | $393.30M | $405.79M | $327.18M | $442.18M | $405.71M | $411.99M | $297.44M | $321.83M | $391.34M | $402.35M | $270.40M | $414.27M | $348.87M | $372.63M | $243.49M | $411.14M | $358.05M | $433.21M | $266.37M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.82% | 1.75% | 0.94% | 0.93% | 1.88% | 1.23% | 1.00% | 0.83% | 0.88% | 1.16% | 1.02% | 0.86% | 0.83% | 1.22% | 0.96% |
Conagra Brands EPS Forecast
May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 9 | 9 | 4 | 4 | 4 | 8 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 6 | 4 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.06 | $0.72 | $0.80 | $-0.26 | $0.23 | $0.36 | $0.51 | $0.49 | $0.64 | $0.58 | $0.77 | $0.67 | $0.41 | $0.42 |
Avg Forecast | $0.64 | $0.73 | $0.74 | $0.63 | $0.67 | $0.74 | $0.70 | $0.57 | $0.65 | $0.73 | $0.68 | $0.60 | $0.57 | $0.65 | $0.68 | $0.60 | $0.60 | $0.64 | $0.66 | $0.52 | $0.63 | $0.58 | $0.68 | $0.48 | $0.52 | $0.58 | $0.74 | $0.57 | $0.66 | $0.49 |
High Forecast | $0.65 | $0.74 | $0.75 | $0.63 | $0.67 | $0.75 | $0.71 | $0.57 | $0.66 | $0.74 | $0.69 | $0.60 | $0.57 | $0.65 | $0.70 | $0.60 | $0.60 | $0.64 | $0.67 | $0.53 | $0.64 | $0.58 | $0.68 | $0.49 | $0.52 | $0.59 | $0.74 | $0.58 | $0.67 | $0.49 |
Low Forecast | $0.64 | $0.73 | $0.73 | $0.62 | $0.66 | $0.73 | $0.70 | $0.56 | $0.65 | $0.70 | $0.64 | $0.59 | $0.57 | $0.65 | $0.67 | $0.59 | $0.59 | $0.63 | $0.66 | $0.52 | $0.63 | $0.57 | $0.67 | $0.48 | $0.51 | $0.58 | $0.73 | $0.57 | $0.65 | $0.48 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.09% | 1.13% | 1.21% | -0.50% | 0.36% | 0.62% | 0.75% | 1.01% | 1.23% | 0.99% | 1.05% | 1.17% | 0.62% | 0.86% |
Conagra Brands Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
HRL | Hormel Foods | $30.74 | $42.86 | 39.43% | Hold |
CAG | Conagra Brands | $28.77 | $35.25 | 22.52% | Hold |
KHC | Kraft Heinz Company | $33.38 | $40.81 | 22.26% | Buy |
SJM | J. M. Smucker Company | $113.69 | $135.23 | 18.95% | Hold |
GIS | General Mills | $68.09 | $75.10 | 10.30% | Hold |
CPB | Campbell Soup Company | $46.38 | $49.56 | 6.86% | Hold |
MKC | McCormick & Company | $78.18 | $79.44 | 1.61% | Hold |
K | Kellanova | $80.60 | $74.03 | -8.15% | Hold |
CAG Forecast FAQ
Is Conagra Brands a good buy?
No, according to 17 Wall Street analysts, Conagra Brands (CAG) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 41.18% of CAG's total ratings.
What is CAG's price target?
Conagra Brands (CAG) average price target is $35.25 with a range of $29 to $45, implying a 22.52% from its last price of $28.77. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Conagra Brands stock go up soon?
According to Wall Street analysts' prediction for CAG stock, the company can go up by 22.52% (from the last price of $28.77 to the average price target of $35.25), up by 56.41% based on the highest stock price target, and up by 0.80% based on the lowest stock price target.
Can Conagra Brands stock reach $40?
CAG's highest twelve months analyst stock price target of $45 supports the claim that Conagra Brands can reach $40 in the near future.
What are Conagra Brands's analysts' financial forecasts?
Conagra Brands's analysts financial forecasts for the fiscal year (May 2026) are as follows: average revenue is $12.05B (high $12.13B, low $11.97B), average EBITDA is $2.01B (high $2.02B, low $2B), average net income is $1.29B (high $1.3B, low $1.28B), average SG&A $1.67B (high $1.68B, low $1.66B), and average EPS is $2.68 (high $2.7, low $2.66). CAG's analysts financial forecasts for the fiscal year (May 2027) are as follows: average revenue is $12.22B (high $12.3B, low $12.14B), average EBITDA is $2.04B (high $2.05B, low $2.03B), average net income is $1.32B (high $1.33B, low $1.31B), average SG&A $1.69B (high $1.7B, low $1.68B), and average EPS is $2.75 (high $2.77, low $2.72).
Did the CAG's actual financial results beat the analysts' financial forecasts?
Based on Conagra Brands's last annual report (May 2022), the company's revenue was $11.54B, beating the average analysts forecast of $11.33B by 1.83%. Apple's EBITDA was $1.79B, missing the average prediction of $1.93B by -7.38%. The company's net income was $888.2M, missing the average estimation of $1.08B by -17.79%. Apple's SG&A was $1.49B, missing the average forecast of $1.51B by -1.29%. Lastly, the company's EPS was $1.85, missing the average prediction of $2.37 by -22.04%. In terms of the last quarterly report (Nov 2023), Conagra Brands's revenue was $3.21B, missing the average analysts' forecast of $3.23B by -0.81%. The company's EBITDA was $334.8M, missing the average prediction of $539.78M by -37.97%. Conagra Brands's net income was $231.9M, missing the average estimation of $326.08M by -28.88%. The company's SG&A was $398.1M, missing the average forecast of $447.7M by -11.08%. Lastly, the company's EPS was $0, missing the average prediction of $0.679 by -100.00%