Jefferies (NYSE:JEF) analyst Robert Dickerson maintained a Buy rating on Conagra Brands (NYSE:CAG) Inc on Tuesday, setting a price target of $40, which is approximately 15.77% above the present share price of $34.55.
Dickerson expects Conagra Brands Inc to post earnings per share (EPS) of $0.77 for the first quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Conagra Brands, with an average price target of $35.8.
The analysts price targets range from a high of $40 to a low of $33.
In its latest earnings report, released on 11/30/2020, the company reported a quarterly revenue of $3 billion and a net profit of $531.2 million. The company's market cap is $16.88 billion.
According to TipRanks.com, Jefferies analyst Robert Dickerson is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.1% and a 66.67% success rate.
Conagra Brands, Inc. engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks; Refrigerated and Frozen; International; Foodservice; and Pinnacle Foods. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States. The Refrigerated and Frozen segment comprises branded, temperature controlled food products sold in various retail channels in the United States. The International segment consists branded food products, in various temperature states, sold in various retail and foodservice channels outside of the United States. The Foodservice segment focuses in the branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The Pinnacle Foods segment involves in the commercially branded and private label food and ingredients, in various temperature states, sold in various retail and foodservice channels in the United States and Canada. The company was founded by Alva Kinney and Frank Little in 1919 and is headquartered in Chicago, IL.