Conagra Brands Stock Discussion

Delta CEO Ed Bastian said that the industry’s capacity issues should be resolved toward the end of the summer. However, Delta expects a $100 million hit as travelers avoid Paris due to the Olympics. Other airlines are also likely to face challenges, with United Airlines next to report earnings on Wednesday.
While consumers benefit from lower airfares, all three major companies r...

In after-hours action, Costco Wholesale gained 2% after announcing its first membership rate increase since 2017. WD-40 Company added 12% on the back of its fiscal third quarter report, posting total net sales that rose 9% from the year-ago period.
Earlier in the day, the S&P 500 added 1.02% to close above 5,600 for the first time, while the Nasdaq Composite advanced 1.18% to a record close. The 30-stock Dow gained 429.39 points, or 1.09%.
These moves come before a key inflation report due to ...

Evercore analysts believe food stocks are undervalued and recommend buying. Portfolio managers may increase stakes if economic signals are negative. Volumes are expected to remain solid and possibly grow, according to Lamar Villere. Evercore's David Palmer sets a $32 target on Conagra stock, a 14% upside from current $28, despite a Hold rating.

Conagra Brands' rising ROCE indicates increased proficiency in generating returns, reflected in a 59% shareholder return over five years. Further research is needed to determine if these trends will continue.

Analysts speculate if other food companies will report a negative price mix like Conagra. Firms maintaining pandemic pricing may need to reconsider, especially those with easily substitutable products.

Conagra's struggling share prices may continue to be suppressed by waning price momentum and low sales volume, as an impending period of deflation in the U.S. food industry could lead customers to delay purchases.

Investors' concerns over Conagra Brands' inferior earnings outlook keep its P/E lower than the market. It can deter shares from increasing unless conditions improve.