Roth Capital Maintains $18.5000 Price Objective On Callaway Golf (ELY), Maintains Buy Rating; Conagra Brands, Inc. (CAG) Had 9 Bullish Analysts

April 24, 2018 - By Hazel Jackson

Conagra Brands, Inc. (NYSE:CAG) Logo

In a report issued on 24 April, Callaway Golf (NYSE:ELY) stock had its Buy Rating maintained by investment analysts at Roth Capital. They currently have a $18.5000 target price per share on company. Roth Capital’s target indicates a potential upside of 10.51% from the company’s last stock close price.

Among 14 analysts covering ConAgra Foods (NYSE:CAG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. ConAgra Foods had 50 analyst reports since September 16, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Buy” on Friday, June 23. The firm has “Overweight” rating given on Wednesday, April 6 by JP Morgan. The stock of Conagra Brands, Inc. (NYSE:CAG) has “Buy” rating given on Friday, February 12 by Bank of America. The stock of Conagra Brands, Inc. (NYSE:CAG) earned “Sector Perform” rating by RBC Capital Markets on Friday, July 1. The rating was initiated by Deutsche Bank with “Buy” on Wednesday, February 15. Jefferies maintained the shares of CAG in report on Friday, July 14 with “Buy” rating. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, April 3. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, October 19. UBS upgraded Conagra Brands, Inc. (NYSE:CAG) rating on Tuesday, December 12. UBS has “Hold” rating and $37.0 target. The rating was upgraded by Stifel Nicolaus on Monday, October 30 to “Buy”. See Conagra Brands, Inc. (NYSE:CAG) latest ratings:

03/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $44.0000 Maintain
02/04/2018 Broker: Jefferies Rating: Buy New Target: $44.0000 Maintain
23/03/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $44 New Target: $41 Maintain
23/03/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $38 New Target: $39 Maintain
21/12/2017 Broker: Barclays Capital Rating: Buy New Target: $43.0
22/12/2017 Broker: Stifel Nicolaus Rating: Buy Old Target: $38.00 New Target: $42.00 Maintain
14/12/2017 Broker: Bernstein Rating: Hold New Target: $38.0 Upgrade
12/12/2017 Broker: UBS Rating: Hold New Target: $37.0 Upgrade
07/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $45.0 Maintain
30/10/2017 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Upgrade

The stock increased 0.88% or $0.32 during the last trading session, reaching $36.82. About 3.71M shares traded or 14.09% up from the average. Conagra Brands, Inc. (NYSE:CAG) has declined 9.57% since April 24, 2017 and is downtrending. It has underperformed by 21.12% the S&P500.

Investors sentiment decreased to 0.78 in Q4 2017. Its down 0.21, from 0.99 in 2017Q3. It dropped, as 42 investors sold Conagra Brands, Inc. shares while 227 reduced holdings. 62 funds opened positions while 147 raised stakes. 301.99 million shares or 2.83% less from 310.77 million shares in 2017Q3 were reported. Massmutual Commerce Fsb Adv reported 0% in Conagra Brands, Inc. (NYSE:CAG). Macquarie Grp Limited holds 18,800 shares or 0% of its portfolio. Braun Stacey Assoc Inc holds 0.29% of its portfolio in Conagra Brands, Inc. (NYSE:CAG) for 115,760 shares. Barnett & holds 0% of its portfolio in Conagra Brands, Inc. (NYSE:CAG) for 200 shares. Commonwealth Bancorporation Of Aus accumulated 57,636 shares. Wetherby Asset Management invested 0.04% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Veritable L P accumulated 14,456 shares. Lombard Odier Asset Management (Europe) Ltd stated it has 0.01% in Conagra Brands, Inc. (NYSE:CAG). Moreover, Walleye Trading Limited Liability has 0% invested in Conagra Brands, Inc. (NYSE:CAG). Stifel Fin accumulated 88,377 shares. Tsp Mgmt Gru Limited invested in 0.45% or 26,350 shares. Field Main Bancshares accumulated 300 shares or 0.01% of the stock. Atlantic Tru Group Ltd Liability holds 0% or 2,698 shares in its portfolio. Public Employees Retirement Sys Of Ohio, a Ohio-based fund reported 167,069 shares. 56,603 are owned by Bluecrest Capital Mgmt.

Conagra Brands, Inc., together with its subsidiaries, operates as a food firm in North America. The company has market cap of $14.49 billion. The firm operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice divisions. It has a 17.21 P/E ratio. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States.

Since January 4, 2018, it had 0 insider purchases, and 4 sales for $1.76 million activity. $219,285 worth of stock was sold by Wise Robert G on Wednesday, April 4. On Friday, April 6 the insider BUTLER STEPHEN G sold $449,618. MARSHALL RUTH ANN sold 6,046 shares worth $216,810.

Analysts await Callaway Golf Company (NYSE:ELY) to report earnings on May, 3. They expect $0.51 earnings per share, up 70.00% or $0.21 from last year’s $0.3 per share. ELY’s profit will be $48.56 million for 8.21 P/E if the $0.51 EPS becomes a reality. After $-0.15 actual earnings per share reported by Callaway Golf Company for the previous quarter, Wall Street now forecasts -440.00% EPS growth.

Callaway Golf Company, together with its subsidiaries, designs, makes, and sells golf clubs, golf balls, golf bags, and other golf-related accessories in the United States and internationally. The company has market cap of $1.59 billion. It offers drivers, fairway woods, hybrids, irons, wedges, and putters. It has a 39.86 P/E ratio. The firm also accessories, such as packaged sets, golf gloves, golf footwear, golf apparel, travel gear, headwear, towels, umbrellas, eyewear, and other accessories under the Callaway Golf, Odyssey, and Strata brand names.

The stock decreased 0.42% or $0.07 during the last trading session, reaching $16.74. About 1.06M shares traded or 8.80% up from the average. Callaway Golf Company (NYSE:ELY) has risen 47.83% since April 24, 2017 and is uptrending. It has outperformed by 36.28% the S&P500.

Investors sentiment increased to 1.36 in 2017 Q4. Its up 0.17, from 1.19 in 2017Q3. It increased, as 19 investors sold Callaway Golf Company shares while 62 reduced holdings. 34 funds opened positions while 76 raised stakes. 80.37 million shares or 2.05% less from 82.05 million shares in 2017Q3 were reported. Thrivent For Lutherans owns 88,503 shares or 0% of their US portfolio. Legal General Grp Public Limited Com has 192,013 shares for 0% of their portfolio. Guggenheim Capital Ltd Liability Co holds 0% or 12,516 shares. Magnetar Fincl Ltd Liability Corporation holds 0.02% of its portfolio in Callaway Golf Company (NYSE:ELY) for 56,630 shares. 260,540 were reported by Monarch Partners Asset Mgmt Lc. Strs Ohio has invested 0% in Callaway Golf Company (NYSE:ELY). Citadel Advsr Limited Liability Corp accumulated 96,846 shares. Northpointe Capital Limited Com reported 427,662 shares. Deutsche National Bank & Trust Ag has invested 0% of its portfolio in Callaway Golf Company (NYSE:ELY). 829,776 are owned by Driehaus Ltd. Tiaa Cref Lc, New York-based fund reported 857,829 shares. Northern Tru reported 1.41 million shares. Tradewinds Management Limited Liability Corporation holds 2,000 shares. Connecticut-based Thomson Horstmann And Bryant has invested 1.52% in Callaway Golf Company (NYSE:ELY). Moreover, Raymond James Assocs has 0% invested in Callaway Golf Company (NYSE:ELY) for 26,158 shares.

Conagra Brands, Inc. (NYSE:CAG) Institutional Positions Chart

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