Why was Conagra Brands (CAG) stock down?

Conagra Brands Inc.'s stock CAG, -0.85% was down by 2.4% in premarket trading on Thursday after the food giant's second-quarter revenue and 2024 profit outlook fell short of analyst estimates, despite... Get a real-time Conagra Brands, Inc. (CAG) stock price quote with breaking news, financials, statistics, charts and more.

What is the target price for Conagra Brands (CAG) stock?

10 equities research analysts have issued 12 month target prices for Conagra Brands' stock. Their CAG share price targets range from $28.00 to $40.00. On average, they anticipate the company's stock price to reach $33.14 in the next year. This suggests a possible upside of 9.5% from the stock's current price.

Is Conagra Brands a good stock to buy?

Conagra Brands has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume. Short interest in Conagra Brands has recently increased by 5.77%, indicating that investor sentiment is decreasing significantly. Conagra Brands is a leading dividend payer.