Private Trust Co Has Lowered Conagra Brands (CAG) Holding; 14 Bullish Analysts Covering Summit Materials, Inc. (SUM)

Conagra Brands, Inc. (NYSE:CAG) Logo

Among 16 analysts covering Summit Materials (NYSE:SUM), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Summit Materials has $40.0 highest and $20 lowest target. $34.43’s average target is 24.84% above currents $27.58 stock price. Summit Materials had 40 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, October 11 by Goldman Sachs. The stock of Summit Materials, Inc. (NYSE:SUM) has “Outperform” rating given on Thursday, November 3 by RBC Capital Markets. The stock of Summit Materials, Inc. (NYSE:SUM) has “Buy” rating given on Thursday, August 4 by Citigroup. Barclays Capital initiated Summit Materials, Inc. (NYSE:SUM) on Tuesday, December 12 with “Hold” rating. The stock of Summit Materials, Inc. (NYSE:SUM) earned “Buy” rating by RBC Capital Markets on Monday, June 19. On Thursday, October 8 the stock rating was upgraded by Bank of America to “Buy”. The firm has “Buy” rating by Stephens given on Thursday, February 22. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, March 22. SunTrust maintained it with “Buy” rating and $35 target in Wednesday, May 30 report. The stock of Summit Materials, Inc. (NYSE:SUM) earned “Buy” rating by Cleveland on Monday, April 3. See Summit Materials, Inc. (NYSE:SUM) latest ratings:

30/05/2018 Broker: SunTrust Old Rating: Buy New Rating: Buy Old Target: $38 New Target: $35 Maintain
17/04/2018 Broker: Jefferies Rating: Buy New Target: $36 Initiates Coverage On
27/02/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Upgrade
22/02/2018 Broker: Stephens Rating: Buy New Target: $37.0 Maintain
15/02/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $35 New Target: $38 Maintain
15/02/2018 Broker: RBC Capital Markets Rating: Buy New Target: $37.0 Maintain
25/01/2018 Broker: Alembic Rating: Buy New Target: $40.0
25/01/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $37 New Target: $39 Maintain

Private Trust Co decreased Conagra Brands Inc. (CAG) stake by 54.59% reported in 2018Q1 SEC filing. Private Trust Co sold 14,047 shares as Conagra Brands Inc. (CAG)’s stock rose 2.41%. The Private Trust Co holds 11,683 shares with $430,000 value, down from 25,730 last quarter. Conagra Brands Inc. now has $14.84B valuation. The stock increased 0.11% or $0.04 during the last trading session, reaching $37.7. About 4.25 million shares traded or 51.48% up from the average. Conagra Brands, Inc. (NYSE:CAG) has declined 3.63% since June 13, 2017 and is downtrending. It has underperformed by 16.20% the S&P500. Some Historical CAG News: ; 06/03/2018 – CONAGRA BRANDS & J.M. SMUCKER CO. TERMINATE PACT FOR WESSON OIL; 11/04/2018 – USDA: Conagra Brands Inc. Recalls Salisbury Steak Products Due to Possible Foreign Matter Contamination; 06/03/2018 – JM Smucker, Conagra to Terminate Agreement to Acquire Wesson Oil Brand From Conagra; 05/03/2018 – The J. M. Smucker Company Comments on FTC Position Regarding Proposed Acquisition of the Wesson® Oil Brand from Conagra Brands, Inc; 05/03/2018 – Conagra Closes Above 50-Day Moving Average: Technicals; 22/03/2018 – CONAGRA BRANDS INC – NET SALES FOR GROCERY & SNACKS SEGMENT DECREASED 1% TO $838 MLN IN QUARTER; 22/03/2018 – Conagra Brands 3Q Cont Ops EPS 87c; 05/03/2018 – The J. M. Smucker Co Comments on FTC Position Regarding Proposed Acquisition of the Wesson(R) Oil Brand From Conagra Brands, Inc; 06/03/2018 – The J. M. Smucker Co Announces Termination of Agreement to Acquire the Wesson(R) Oil Brand From Conagra Brands, Inc; 23/03/2018 – CONAGRA BRANDS INC CAG.N : RBC RAISES TARGET PRICE TO $46 FROM $45

The stock increased 1.51% or $0.41 during the last trading session, reaching $27.58. About 2.22 million shares traded or 67.52% up from the average. Summit Materials, Inc. (NYSE:SUM) has risen 4.22% since June 13, 2017 and is uptrending. It has underperformed by 8.35% the S&P500. Some Historical SUM News: ; 23/03/2018 – S&P REVISES SUMMIT MATERIALS LLC TO RATING ‘BB’ FROM ‘BB-‘; 06/03/2018 Summit Materials at Company Marketing Hosted By Stephens Inc; 08/05/2018 – SUMMIT MATERIALS 1Q NET REV. $289.9M, EST. $299.7M; 08/05/2018 – SUMMIT MATERIALS – FOR FULL-YEAR 2018, CO INCREASED ADJ EBITDA GUIDANCE TO; 08/05/2018 – SUMMIT MATERIALS BOOSTS ADJ EBITDA GUIDANCE FOR 2018; 23/03/2018 – S&PGR Upgrades Summit Materials LLC To ‘BB’, Outlook Stable; 24/05/2018 – FMI Represents Midwest Minerals in Sale to Summit Materials; 08/05/2018 – Summit Materials Sees FY18 Adjusted EBITDA $495M-$515M; 08/05/2018 – Summit Materials 1Q Loss/Shr 49c; 08/05/2018 – SUMMIT MATERIALS – FOR FULL-YEAR 2018, CO REITERATED CAPEX GUIDANCE OF RANGE OF $210 MLN TO $225 MLN

Summit Materials, Inc., together with its subsidiaries, produces and sells construction materials and related downstream products. The company has market cap of $3.17 billion. The Company’s products include aggregates, cement, ready-mixed concrete, asphalt paving mixes, and concrete products. It has a 24.85 P/E ratio. The firm also provides paving and related services to private and public infrastructure sectors.

Since January 4, 2018, it had 0 buys, and 4 selling transactions for $1.76 million activity. Another trade for 12,092 shares valued at $449,618 was sold by BUTLER STEPHEN G. On Monday, March 26 MARSHALL RUTH ANN sold $216,810 worth of Conagra Brands, Inc. (NYSE:CAG) or 6,046 shares. Wise Robert G sold $219,285 worth of stock.

Among 14 analysts covering ConAgra Foods (NYSE:CAG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. ConAgra Foods has $56 highest and $3300 lowest target. $42.18’s average target is 11.88% above currents $37.7 stock price. ConAgra Foods had 50 analyst reports since September 16, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Goldman Sachs given on Thursday, February 25. UBS maintained Conagra Brands, Inc. (NYSE:CAG) on Friday, March 23 with “Neutral” rating. The stock of Conagra Brands, Inc. (NYSE:CAG) has “Buy” rating given on Wednesday, January 11 by Citigroup. The stock of Conagra Brands, Inc. (NYSE:CAG) earned “Buy” rating by Stifel Nicolaus on Friday, December 22. The firm has “Hold” rating by Deutsche Bank given on Friday, September 23. The firm earned “Sell” rating on Friday, June 30 by UBS. The stock of Conagra Brands, Inc. (NYSE:CAG) earned “Buy” rating by Jefferies on Friday, July 14. As per Tuesday, October 3, the company rating was maintained by Jefferies. On Friday, October 14 the stock rating was upgraded by RBC Capital Markets to “Outperform”. Citigroup maintained Conagra Brands, Inc. (NYSE:CAG) rating on Friday, April 8. Citigroup has “Neutral” rating and $50 target.

Investors sentiment increased to 0.82 in 2018 Q1. Its up 0.04, from 0.78 in 2017Q4. It increased, as 42 investors sold CAG 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. Hourglass Lc reported 11,365 shares. Pitcairn Company invested in 8,464 shares or 0.03% of the stock. Diligent Investors Limited Com holds 0.16% or 7,000 shares. Hsbc Public Ltd Liability Company has invested 0.03% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Dupont Capital Mgmt Corp holds 80,258 shares. Johnson Counsel reported 12,209 shares or 0.01% of all its holdings. Two Sigma Securities Ltd Liability Corp owns 22,715 shares or 0% of their US portfolio. Pacific Glob Invest invested in 0.11% or 13,798 shares. Dana Investment Advsrs holds 0.02% of its portfolio in Conagra Brands, Inc. (NYSE:CAG) for 13,049 shares. Kbc Group Nv reported 0.01% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Synovus Fincl reported 8,572 shares. 29,405 are owned by Horrell Cap. Walleye Trading Ltd Co reported 27,259 shares. Pinebridge Limited Partnership holds 0.48% of its portfolio in Conagra Brands, Inc. (NYSE:CAG) for 550,673 shares. Nomura holds 247,048 shares or 0.01% of its portfolio.

More recent Conagra Brands, Inc. (NYSE:CAG) news were published by: Globenewswire.com which released: “Recent Analysis Shows Conagra Brands, Ekso Bionics, Triton International, Taubman Centers, Delta Air Lines, and …” on June 11, 2018. Also Seekingalpha.com published the news titled: “Pinnacle-ConAgra merger speculation picks up again” on May 21, 2018. Seekingalpha.com‘s news article titled: “Lamb Weston: It Might Be Time To Take Profits” with publication date: May 29, 2018 was also an interesting one.

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 $169.22 million for 21.92 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.

Private Trust Co increased Nisource Inc. (NYSE:NI) stake by 16,504 shares to 27,074 valued at $647,000 in 2018Q1. It also upped Procter & Gamble Co. (NYSE:PG) stake by 3,898 shares and now owns 66,016 shares. Amazon.Com (NASDAQ:AMZN) was raised too.

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