Conagra Brands Inc. (NYSE:CAG) went down by -0.76% from its latest closing price compared to the recent 1-year high of $36.97. The company’s stock price has collected 0.98% of gains in the last five trading sessions. The Wall Street Journal reported on 07/14/22 that Conagra Continues to Raise Prices Amid Double-Digit Cost Inflation
Is It Worth Investing in Conagra Brands Inc. (NYSE :CAG) Right Now?
Conagra Brands Inc. (NYSE:CAG) scored a price-to-earnings ratio above its average ratio, recording 18.45 x from its present earnings ratio. Plus, the 36-month beta value for CAG is at 0.57. Opinions of the stock are interesting as 2 analysts out of 17 who provided ratings for Conagra Brands Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 12 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $36.03, which is $2.05 above the current price. CAG currently public float of 478.41M and currently shorts hold a 1.94% ratio of that float. Today, the average trading volume of CAG was 3.51M shares.
CAG’s Market Performance
CAG stocks went up by 0.98% for the week, with a monthly drop of -4.01% and a quarterly performance of 5.07%, while its annual performance rate touched 2.26%. The volatility ratio for the week stands at 1.61% while the volatility levels for the past 30 days are set at 1.79% for Conagra Brands Inc. The simple moving average for the period of the last 20 days is -1.46% for CAG stocks with a simple moving average of -0.21% for the last 200 days.
Analysts’ Opinion of CAG
Many brokerage firms have already submitted their reports for CAG stocks, with UBS repeating the rating for CAG by listing it as a “Neutral.” The predicted price for CAG in the upcoming period, according to UBS is $34 based on the research report published on March 30th of the current year 2022.
Consumer Edge Research, on the other hand, stated in their research note that they expect to see CAG reach a price target of $34. The rating they have provided for CAG stocks is “Equal Weight” according to the report published on March 08th, 2022.
JP Morgan gave a rating of “Neutral” to CAG, setting the target price at $38 in the report published on October 08th of the previous year.
CAG Trading at -1.17% from the 50-Day Moving Average
After a stumble in the market that brought CAG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.09% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 1.61%, as shares sank -3.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.44% lower at present.
During the last 5 trading sessions, CAG rose by +0.98%, which changed the moving average for the period of 200-days by +9.68% in comparison to the 20-day moving average, which settled at $34.42. In addition, Conagra Brands Inc. saw -0.50% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at CAG starting from McGough Thomas M, who sale 21,405 shares at the price of $35.40 back on Aug 17. After this action, McGough Thomas M now owns 104,859 shares of Conagra Brands Inc., valued at $757,737 using the latest closing price.
CHIRICO EMANUEL, the Director of Conagra Brands Inc., purchase 30,000 shares at $34.06 during a trade that took place back on Jul 25, which means that CHIRICO EMANUEL is holding 40,788 shares at $1,021,800 based on the most recent closing price.
Stock Fundamentals for CAG
Current profitability levels for the company are sitting at:
- +14.80 for the present operating margin
- +24.48 for the gross margin
The net margin for Conagra Brands Inc. stands at +7.70. Equity return is now at value 10.20, with 3.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.