Gold prices edge higher; Russia-Ukraine, Jackson Hole symposium in spotlight
ConAgra Foods (NYSE:CAG) stock has reached a new 52-week low, hitting a price of 18.81 USD. This marks a significant downturn for the company, as it reflects a substantial 1-year change of -37.12%. Despite the decline, the company maintains a notable 7.37% dividend yield and has consistently paid dividends for 50 consecutive years. According to InvestingPro analysis, the stock appears undervalued, trading at a P/E ratio of just 7.82. The decline underscores the challenges faced by ConAgra Foods in the current market environment, which has seen the stock’s value erode over the past year. Technical indicators suggest the stock is currently oversold, while 8 analysts have recently revised their earnings expectations downward. Investors are closely watching to see how the company plans to navigate these turbulent times and what strategies it might implement to reverse the downward trend. InvestingPro subscribers can access 11 additional key insights about ConAgra Foods, including detailed valuation metrics and growth prospects.
In other recent news, ConAgra has faced a series of analyst downgrades and price target reductions following its recent earnings and guidance announcements. Jefferies maintained a Hold rating but lowered its price target to $19, pointing to volume declines and operational challenges impacting the company’s financial performance. RBC Capital also reduced its price target to $22, citing a challenging quarter and a soft outlook for fiscal year 2026, driven by inflationary pressures and tariffs. TD Cowen lowered its price target to $19, expressing skepticism about ConAgra’s path to positive growth due to its exposure to lower-income consumers and limited pricing power. Bernstein cut its price target to $21, noting growth challenges and the need for significant reinvestment to prioritize volume growth in fiscal year 2026. UBS reduced its price target to $20, expressing doubts about ConAgra’s aggressive revenue growth projections and weaker recent quarterly execution. These developments reflect widespread concerns among analysts about ConAgra’s ability to navigate current economic pressures while pursuing necessary investments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.