Conagra Brands, Inc. (CAG) Forms $35.73 Double Top; Espey MFG & Electronics (ESP) Sentiment Is 1

Conagra Brands, Inc. (NYSE:CAG) Logo

Conagra Brands, Inc. (CAG) formed double top with $36.80 target or 3.00% above today’s $35.73 share price. Conagra Brands, Inc. (CAG) has $14.06B valuation. The stock decreased 0.28% or $0.1 during the last trading session, reaching $35.73. About 9.32M shares traded or 159.88% up from the average. Conagra Brands, Inc. (NYSE:CAG) has declined 3.63% since July 1, 2017 and is downtrending. It has underperformed by 16.20% the S&P500. Some Historical CAG News: 22/03/2018 – RPT-CONAGRA BRANDS INC – NET SALES FOR REFRIGERATED & FROZEN SEGMENT INCREASED 3% TO $689 MLN IN QUARTER; 24/05/2018 – Conagra Brands Names Richard H. Lenny as Chairman; 05/03/2018 – FTC CHALLENGES PURCHASE OF CONAGRA’S WESSON COOKING OIL BRAND; 21/05/2018 – Conagra Brands CDS Widens 8 Bps, Most in 11 Months; 24/05/2018 – Conagra Brands Names Anil Arora to Board; 05/03/2018 – Conagra Brands Comments On FTC Position Regarding Proposed Sale Of Wesson oil business; 20/04/2018 – CONAGRA BRANDS – BOARD OF DIRECTORS APPROVED A QUARTERLY DIVIDEND PAYMENT OF $0.2125 PER SHARE; 06/03/2018 – J M SMUCKER – MUTUALLY DETERMINED WITH CONAGRA IT IS “NOT IN BEST INTEREST” TO EXPEND MORE TIME & RESOURCES TO CHALLENGE FTC’S ADMINISTRATIVE COMPLAINT; 22/03/2018 – RPT-CONAGRA BRANDS INC SEES 2018 REPORTED NET SALES GROWTH ABOUT 150 BASIS POINTS HIGHER THAN ORGANIC NET SALES GROWTH RATE; 22/03/2018 – RPT-CONAGRA BRANDS INC – TAX IMPACT CHANGES RESULTED IN A ONE-TIME ESTIMATED INCOME TAX BENEFIT OF $236.7 MLN IN QUARTER

Espey MFG & Electronics Corp (ESP) investors sentiment increased to 1 in Q1 2018. It’s up 0.25, from 0.75 in 2017Q4. The ratio is more positive, as 5 active investment managers increased or opened new holdings, while 5 reduced and sold their holdings in Espey MFG & Electronics Corp. The active investment managers in our database now own: 401,857 shares, up from 401,602 shares in 2017Q4. Also, the number of active investment managers holding Espey MFG & Electronics Corp in top ten holdings was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 5 Increased: 3 New Position: 2.

Since January 1, 0001, it had 1 insider purchase, and 6 sales for $221,933 activity.

The stock increased 0.62% or $0.1662 during the last trading session, reaching $26.8312. About 676 shares traded. Espey Mfg. & Electronics Corp. (ESP) has risen 19.02% since July 1, 2017 and is uptrending. It has outperformed by 6.45% the S&P500. Some Historical ESP News: 21/04/2018 – DJ Espey Mfg & Electronics Corp, Inst Holders, 1Q 2018 (ESP); 05/03/2018 Espey Declares Regular Quarterly Dividend of $0.25 Per Share; 14/05/2018 – Espey Mfg & Electronics 3Q EPS 14c; 14/05/2018 – ESPEY MFG AND ELECTRONICS CORP – SALES ORDER BACKLOG WAS $47.0 MLN AT MARCH 31, VS SALES ORDER BACKLOG OF $38.7 MLN AT MARCH 31, 2017

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, makes, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company has market cap of $63.96 million. The companyÂ’s principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground radar, and ground mobile power applications. It has a 24.37 P/E ratio. It also provides various services, which include design and development to specification, build to print, design services, design studies, environmental testing services, metal fabrication, painting services, and development of automatic testing equipment.

Adirondack Trust Co holds 0.03% of its portfolio in Espey Mfg. & Electronics Corp. for 1,750 shares. Blackrock Inc. owns 913 shares or 0% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0% invested in the company for 10,700 shares. The California-based California Public Employees Retirement System has invested 0% in the stock. Deutsche Bank Ag, a Germany-based fund reported 8,234 shares.

Analysts await Conagra Brands, Inc. (NYSE:CAG) to report earnings on July, 5. They expect $0.43 earnings per share, up 16.22% or $0.06 from last year’s $0.37 per share. CAG’s profit will be $169.21 million for 20.77 P/E if the $0.43 EPS becomes a reality. After $0.61 actual earnings per share reported by Conagra Brands, Inc. for the previous quarter, Wall Street now forecasts -29.51% negative EPS growth.

Among 6 analysts covering Conagra Brands (NYSE:CAG), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Conagra Brands has $4400 highest and $39 lowest target. $41.83’s average target is 17.07% above currents $35.73 stock price. Conagra Brands had 6 analyst reports since March 23, 2018 according to SRatingsIntel. The firm has “Buy” rating by CFRA given on Wednesday, June 27. Jefferies maintained the shares of CAG in report on Monday, April 2 with “Buy” rating. The firm earned “Overweight” rating on Friday, March 23 by JP Morgan. The rating was maintained by Citigroup with “Buy” on Thursday, June 28. UBS maintained it with “Neutral” rating and $39 target in Friday, March 23 report. The rating was maintained by RBC Capital Markets on Tuesday, April 3 with “Buy”.

Since January 4, 2018, it had 0 insider purchases, and 4 selling transactions for $1.76 million activity. $877,536 worth of Conagra Brands, Inc. (NYSE:CAG) was sold by Wise Robert G. 12,092 Conagra Brands, Inc. (NYSE:CAG) shares with value of $449,618 were sold by BUTLER STEPHEN G. MARSHALL RUTH ANN also sold $216,810 worth of Conagra Brands, Inc. (NYSE:CAG) on Monday, March 26.

Investors sentiment increased to 0.82 in Q1 2018. Its up 0.04, from 0.78 in 2017Q4. It is positive, as 42 investors sold Conagra Brands, Inc. shares while 210 reduced holdings. 60 funds opened positions while 146 raised stakes. 286.92 million shares or 4.99% less from 301.99 million shares in 2017Q4 were reported. Apg Asset Management Nv invested in 126,956 shares. Moody Bancorp Tru Division stated it has 11,550 shares. Lombard Odier Asset Mngmt (Switzerland) holds 0.25% in Conagra Brands, Inc. (NYSE:CAG) or 64,626 shares. Cls Ltd Liability reported 315 shares stake. New York-based Amalgamated Savings Bank has invested 0.05% in Conagra Brands, Inc. (NYSE:CAG). 25,000 were accumulated by Nj State Employees Deferred Compensation Plan. Bollard Grp Limited Liability Corp holds 0.15% or 81,562 shares. Jacobs Ca holds 0.05% in Conagra Brands, Inc. (NYSE:CAG) or 7,100 shares. Raymond James Services Advsr Inc has 0.02% invested in Conagra Brands, Inc. (NYSE:CAG) for 113,462 shares. Pnc Svcs Grp Inc has 238,011 shares for 0.01% of their portfolio. Vident Invest Advisory Limited Liability Co, Georgia-based fund reported 22,007 shares. Amer Century Inc owns 11.84M shares for 0.44% of their portfolio. The Florida-based Raymond James Assoc has invested 0.01% in Conagra Brands, Inc. (NYSE:CAG). Tudor Investment Corp Et Al holds 0.04% or 34,694 shares in its portfolio. Cipher Cap Lp owns 225,418 shares.

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