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 29.98% upside from CAG’s last price of $27.12) and a rating consensus of 'Hold', based on 17 wall street analysts offering a 1-year stock forecast.
CAG Price Target
The average price target for Conagra Brands (CAG) is $35.25 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $29.00. This represents a potential 29.98% upside from CAG's last price of $27.12.
CAG Analyst Ratings
According to 17 Wall Street analysts, Conagra Brands's rating consensus is 'Hold'. The analyst rating breakdown for CAG stock is 0 'Strong Buy' (0.00%), 7 'Buy' (41.18%), 10 'Hold' (58.82%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
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% | 10.62% |
| Sep 24, 2024 | Thomas Palmer | Coker Palmer | $33.00 | $32.31 | 2.14% | 21.68% |
| Aug 12, 2024 | Leah Jordan | Goldman Sachs | $36.00 | $29.82 | 20.74% | 32.74% |
| Jul 12, 2024 | Matthew Smith | Stifel Nicolaus | $30.00 | $28.38 | 5.71% | 10.62% |
| Apr 08, 2024 | Andrew Lazar | Barclays | $34.00 | $31.09 | 9.36% | 25.37% |
| Apr 05, 2024 | Chris Carey | Wells Fargo | $32.00 | $30.64 | 4.44% | 17.99% |
| Apr 05, 2024 | Matthew Smith | Stifel Nicolaus | $32.00 | $30.64 | 4.44% | 17.99% |
| Apr 05, 2024 | Thomas Palmer | Coker Palmer | $32.00 | $30.64 | 4.44% | 17.99% |
| Apr 05, 2024 | Pamela Kaufman | Morgan Stanley | $32.00 | $30.64 | 4.44% | 17.99% |
| Apr 04, 2024 | Arun Sundaram | CFRA | $34.00 | $30.64 | 10.97% | 25.37% |
The latest Conagra Brands stock forecast, released on Sep 24, 2024 by Rob Dickerson from Jefferies, set a price target of $30.00, which represents a -7.15% decrease from the stock price at the time of the forecast ($32.31), and a 10.62% increase from CAG last price ($27.12).
Conagra Brands Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 13 |
| Avg Price Target | - | $31.50 | $31.92 |
| Last Closing Price | $27.12 | $27.12 | $27.12 |
| Upside/Downside | -100.00% | 16.15% | 17.70% |
In the current month, the average price target of Conagra Brands stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Conagra Brands's last price of $27.12. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
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's last stock rating was published by Wells Fargo on Oct 17, 2024. The company gave CAG a "Equal-Weight" rating, the same as its previous rate.
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 | $3.21B | $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 | $3.04B | $3.16B | $2.81B | $2.91B | $3.02B | $3.14B | $2.84B | $2.93B | $3.01B | $3.19B | $2.93B | $2.98B | $3.06B | $3.26B | $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 | 4 | 4 | 4 | 3 | 3 | 3 | 8 | 8 | 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's average Quarter revenue forecast for Feb 24 based on 4 analysts is $3.01B, with a low forecast of $3.01B, and a high forecast of $3.01B. CAG's average Quarter revenue forecast represents a -6.18% decrease compared to the company's last Quarter revenue of $3.21B (Nov 23).
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 | 4 | 4 | 4 | 3 | 3 | 3 | 8 | 8 | 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 | $512.53M | $527.61M | $548.86M | $487.37M | $506.34M | $519.15M | $540.98M | $480.71M | $497.25M | $514.59M | $535.72M | $482.85M | $498.09M | $623.75M | $549.53M | $501.42M | $509.19M | $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 | $516.11M | $531.29M | $552.70M | $490.78M | $509.88M | $522.77M | $544.76M | $484.06M | $500.72M | $518.00M | $539.13M | $482.95M | $498.09M | $748.51M | $561.40M | $504.92M | $512.75M | $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 | $509.19M | $524.17M | $545.29M | $484.20M | $503.05M | $515.77M | $537.46M | $477.58M | $494.01M | $512.89M | $534.02M | $482.75M | $498.09M | $499.00M | $542.75M | $498.15M | $505.87M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.61% | 0.76% | 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% |
4 analysts predict CAG's average Quarter EBITDA for Feb 24 to be $623.75M, with a high of $748.51M and a low of $499.00M. This is 86.31% upper than Conagra Brands's previous annual EBITDA (Nov 23) of $334.80M.
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 | 4 | 4 | 4 | 3 | 3 | 3 | 8 | 8 | 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 | $311.46M | $355.77M | $358.84M | $304.94M | $324.24M | $358.18M | $340.35M | $275.58M | $317.23M | $353.84M | $329.48M | $286.63M | $275.19M | $317.12M | $335.81M | $288.72M | $288.40M | $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 | $306.05M | $349.59M | $352.60M | $299.64M | $318.60M | $351.95M | $334.44M | $270.79M | $311.71M | $334.71M | $305.60M | $285.42M | $275.15M | $211.41M | $321.21M | $283.70M | $283.38M | $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's average Quarter net income forecast for Feb 24 is $264.26M, with a range of $211.41M to $317.12M. CAG's average Quarter net income forecast represents a 13.96% increase compared to the company's last Quarter net income of $231.90M (Nov 23).
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 | 4 | 4 | 4 | 3 | 3 | 3 | 8 | 8 | 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 | $474.06M | $488.01M | $507.67M | $450.79M | $468.34M | $480.19M | $500.38M | $444.63M | $459.93M | $475.97M | $495.52M | $446.61M | $460.71M | $408.98M | $508.29M | $463.79M | $470.97M | $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 | $477.37M | $491.42M | $511.21M | $453.94M | $471.61M | $483.54M | $503.87M | $447.73M | $463.14M | $479.12M | $498.66M | $446.71M | $460.71M | $490.78M | $519.27M | $467.02M | $474.26M | $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 | $470.98M | $484.83M | $504.36M | $447.86M | $465.29M | $477.06M | $497.12M | $441.73M | $456.93M | $474.39M | $493.94M | $446.52M | $460.71M | $327.18M | $502.01M | $460.77M | $467.91M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.78% | 0.72% | 1.54% | 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's average Quarter SG&A projection for Feb 24 is $408.98M, based on 4 Wall Street analysts, with a range of $327.18M to $490.78M. The forecast indicates a 2.73% rise compared to CAG last annual SG&A of $398.10M (Nov 23).
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 | 4 | 4 | 4 | 3 | 3 | 3 | 8 | 8 | 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 | $0.68 | $0.75 | $0.71 | $0.57 | $0.66 | $0.74 | $0.69 | $0.60 | $0.57 | $0.65 | $0.70 | $0.60 | $0.60 | $0.65 | $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% |
According to 4 Wall Street analysts, Conagra Brands's projected average Quarter EPS for May 23 is $0.60, with a low estimate of $0.59 and a high estimate of $0.60. This represents a -17.35% decrease compared to CAG previous annual EPS of $0.72 (Feb 23).
Conagra Brands Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HRL | Hormel Foods | $30.22 | $42.86 | 41.83% | Hold |
| KHC | Kraft Heinz Company | $30.88 | $40.44 | 30.96% | Buy |
| CAG | Conagra Brands | $27.12 | $35.25 | 29.98% | Hold |
| SJM | J. M. Smucker Company | $112.08 | $134.85 | 20.32% | Hold |
| GIS | General Mills | $63.80 | $75.10 | 17.71% | Hold |
| CPB | Campbell Soup Company | $43.81 | $49.68 | 13.40% | Hold |
| MKC | McCormick & Company | $77.13 | $79.44 | 2.99% | Hold |
| K | Kellanova | $80.78 | $74.03 | -8.36% | Hold |