Barclays analyst Andrew Lazar maintains $Conagra Brands (CAG.US)$ with a buy rating, and maintains the target price at $33.
According to TipRanks data, the analyst has a success rate of 57.8% and a total average return of 5.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Conagra Brands (CAG.US)$'s main analysts recently are as follows:
Conagra Brands' recent fiscal Q1 earnings were reported at 53c, trailing behind expectations which were set at 60c. This shortfall was primarily due to subdued underlying sales, compounded by a detrimental impact stemming from momentary manufacturing interruptions at Hebrew National. Even when disregarding this disruption, the sales and margins for the quarter did not meet anticipated levels. This situation casts doubt on the company's previously deemed 'achievable guidance' for the future. Consequently, there has been a revision in the forecast for FY25 adjusted EPS to $2.55.
The recent decline in Conagra Brands' shares following its results might be an overreaction, considering that the predominant factor for the 1Q EPS shortfall was likely a miscalculation of the anticipated profit recovery in FY25 by the sell-side.
Note:
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