Conagra Brands, Inc. (CAG)
NYSE: CAG · IEX Real-Time Price · USD
34.84
+0.11 (0.32%)
At close:
May 26, 2023, 4:00 PM
34.81
-0.03 (-0.09%)
Pre-market:
May 30, 2023, 7:35 AM EDT
Conagra Brands Stock Forecast
Stock Price Forecast
According to 12 stock analysts, the average 12-month stock price forecast for Conagra Brands stock is $40.25, which predicts an increase of 15.53%. The lowest target is 35 and the highest is 46. On average, analysts rate Conagra Brands stock as a buy.
Analyst Consensus: Buy
* Price targets were last updated on Apr 14, 2023.
Analyst Ratings
The average analyst rating for Conagra Brands stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '22 | Jan '23 | Feb '23 | Mar '23 | Apr '23 | May '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 3 | 5 | 6 | 7 | 8 | 8 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Total | 8 | 10 | 11 | 11 | 12 | 12 |
Financial Forecast
Revenue This Year
12.48B
from 11.54B
Increased by
8.16%
Revenue Next Year
12.66B
from 12.48B
Increased by
1.48%
EPS This Year
2.79
from 1.84
Increased by
51.71%
EPS Next Year
2.90
from 2.79
Increased by
3.98%
| Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.94B | 9.54B | 11.05B | 11.18B | 11.54B | 12.48B | 12.66B | 12.83B | 13.20B | 13.45B | 13.86B |
| Revenue Growth | 1.42% | 20.16% | 15.89% | 1.18% | 3.14% | 8.16% | 1.48% | 1.31% | 2.86% | 1.96% | 3.00% |
| EPS | 1.98 | 1.52 | 1.72 | 2.66 | 1.84 | 2.79 | 2.90 | 3.04 | 3.24 | 3.39 | 3.74 |
| EPS Growth | 35.62% | -23.23% | 13.16% | 54.65% | -30.83% | 51.71% | 3.98% | 4.61% | 6.77% | 4.48% | 10.33% |
| No. Analysts | - | - | - | - | - | 17 | 17 | 12 | 4 | 3 | 2 |
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 13.0B | 13.3B | 13.5B | 13.9B | 14.1B | 14.4B |
| Avg | 12.5B | 12.7B | 12.8B | 13.2B | 13.5B | 13.9B |
| Low | 12.1B | 12.2B | 12.3B | 12.6B | 12.9B | 13.4B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 12.7%
| 6.6%
| 6.6%
| 8.0%
| 6.9%
| 7.1%
|
| Avg | 8.2%
| 1.5%
| 1.3%
| 2.9%
| 2.0%
| 3.0%
|
| Low | 4.8%
| -2.5%
| -2.9%
| -1.9%
| -1.9%
| -0.1%
|
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 2.97 | 3.12 | 3.20 | 3.43 | 3.66 | 3.89 |
| Avg | 2.79 | 2.90 | 3.04 | 3.24 | 3.39 | 3.74 |
| Low | 2.67 | 2.71 | 2.87 | 3.04 | 3.15 | 3.63 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 61.5%
| 11.7%
| 10.3%
| 13.1%
| 13.0%
| 14.7%
|
| Avg | 51.7%
| 4.0%
| 4.6%
| 6.8%
| 4.5%
| 10.3%
|
| Low | 44.9%
| -2.8%
| -1.1%
| 0.0%
| -2.7%
| 7.1%
|
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.