The stock of Conagra Brands Inc (CAG) has seen a 1.92% increase in the past week, with a 4.11% gain in the past month, and a -5.58% decrease in the past quarter. The volatility ratio for the week is 1.34%, and the volatility levels for the past 30 days are at 1.58% for CAG. The simple moving average for the past 20 days is 1.86% for CAG’s stock, with a -14.69% simple moving average for the past 200 days.
Is It Worth Investing in Conagra Brands Inc (NYSE: CAG) Right Now?
Conagra Brands Inc (NYSE: CAG) has a higher price-to-earnings ratio of 12.48x compared to its average ratio. compared to its average ratio and a 36-month beta value of 0.60. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 12 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Conagra Brands Inc (CAG) is $30.07, which is $7.51 above the current market price. The public float for CAG is 475.62M, and currently, short sellers hold a 1.98% ratio of that float. The average trading volume of CAG on November 21, 2023 was 4.40M shares.
CAG) stock’s latest price update
Conagra Brands Inc (NYSE: CAG) has seen a decline in its stock price by -0.28 in relation to its previous close of 28.18. However, the company has experienced a 1.92% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-20 that Conagra Brands, a Chicago-based food company, offers a dividend play with over a 5% dividend payout and reasonable valuations. Despite a lackluster outlook, Conagra is generating a high single digit cash flow yield that easily supports the dividend and is a defensive play in an uncertain market. A full investment analysis is provided in the paragraphs below.
Analysts’ Opinion of CAG
Many brokerage firms have already submitted their reports for CAG stocks, with TD Cowen repeating the rating for CAG by listing it as a “Market Perform.” The predicted price for CAG in the upcoming period, according to TD Cowen is $32 based on the research report published on September 13, 2023 of the current year 2023.
CAG Trading at 1.46% 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 -31.96% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 1.34%, as shares surge +5.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.24% lower at present.
During the last 5 trading sessions, CAG rose by +1.92%, which changed the moving average for the period of 200-days by -22.91% in comparison to the 20-day moving average, which settled at $27.66. In addition, Conagra Brands Inc saw -27.39% 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 LENNY RICHARD H, who purchase 9,238 shares at the price of $27.31 back on Oct 09. After this action, LENNY RICHARD H now owns 165,205 shares of Conagra Brands Inc, valued at $252,290 using the latest closing price.
McGough Thomas M, the EVP & Co-COO of Conagra Brands Inc, sale 75,522 shares at $33.07 during a trade that took place back on Aug 02, which means that McGough Thomas M is holding 157,125 shares at $2,497,513 based on the most recent closing price.
Stock Fundamentals for CAG
Current profitability levels for the company are sitting at:
- +15.26 for the present operating margin
- +26.75 for the gross margin
The net margin for Conagra Brands Inc stands at +5.56. The total capital return value is set at 10.30, while invested capital returns managed to touch 4.13. Equity return is now at value 12.43, with 4.85 for asset returns.
Based on Conagra Brands Inc (CAG), the company’s capital structure generated 108.36 points at debt to equity in total, while total debt to capital is 52.01. Total debt to assets is 42.93, with long-term debt to equity ratio resting at 83.19. Finally, the long-term debt to capital ratio is 39.92.
When we switch over and look at the enterprise to sales, we see a ratio of 1.86, with the company’s debt to enterprise value settled at 0.36. The receivables turnover for the company is 13.40 and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
To put it simply, Conagra Brands Inc (CAG) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.