In the past week, CAG stock has gone up by 4.89%, with a monthly gain of 11.23% and a quarterly surge of 8.25%. The volatility ratio for the week is 2.25%, and the volatility levels for the last 30 days are 1.76% for Conagra Brands Inc. The simple moving average for the past 20 days is 7.74% for CAG’s stock, with a 5.86% 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 15.67x compared to its average ratio, The 36-month beta value for CAG is at 0.38. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for CAG is 475.74M, and currently, shorts hold a 1.96% of that float. The average trading volume for CAG on April 08, 2024 was 4.92M shares.
CAG) stock’s latest price update
The stock price of Conagra Brands Inc (NYSE: CAG) has jumped by 1.47 compared to previous close of 30.64. Despite this, the company has seen a gain of 4.89% in its stock price over the last five trading days. The Motley Fool reported 2024-04-04 that Conagra Brands announced better-than-expected earnings for its fiscal third quarter. The packaged foods company also slightly raised its full-year operating margin guidance.
Analysts’ Opinion of CAG
Many brokerage firms have already submitted their reports for CAG stocks, with Citigroup repeating the rating for CAG by listing it as a “Neutral.” The predicted price for CAG in the upcoming period, according to Citigroup is $30 based on the research report published on February 01, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see CAG reach a price target of $31. The rating they have provided for CAG stocks is “Equal Weight” according to the report published on December 12th, 2023.
CAG Trading at 8.95% 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 -20.15% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares surge +11.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.71% upper at present.
During the last 5 trading sessions, CAG rose by +4.89%, which changed the moving average for the period of 200-days by -9.20% in comparison to the 20-day moving average, which settled at $29.02. In addition, Conagra Brands Inc saw 8.48% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
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 ’23. 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 ’23, 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:
- 0.1 for the present operating margin
- 0.27 for the gross margin
The net margin for Conagra Brands Inc stands at 0.08. The total capital return value is set at 0.07. Equity return is now at value 10.57, with 4.29 for asset returns.
Based on Conagra Brands Inc (CAG), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.95. The interest coverage ratio of the stock is 2.91.
Currently, EBITDA for the company is 1.47 billion with net debt to EBITDA at 5.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.94. The receivables turnover for the company is 13.22for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
In conclusion, Conagra Brands Inc (CAG) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
