The stock of Conagra Brands Inc (NYSE: CAG) has increased by 1.54 when compared to last closing price of 29.31. Despite this, the company has experienced a -4.86% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-12 that Let’s three stocks that could surpass the market returns by 2026. These businesses are involved in different industries, leading in consumer staples, industrials and consumer discretionary.
Is It Worth Investing in Conagra Brands Inc (NYSE: CAG) Right Now?
The price-to-earnings ratio for Conagra Brands Inc (NYSE: CAG) is above average at 15.00x. The 36-month beta value for CAG is also noteworthy at 0.39. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
The public float for CAG is 475.72M, and at present, short sellers hold a 2.39% of that float. The average trading volume of CAG on April 16, 2024 was 4.82M shares.
CAG’s Market Performance
CAG stock saw an increase of -4.86% in the past week, with a monthly gain of 6.67% and a quarterly increase of 2.80%. The volatility ratio for the week is 2.19%, and the volatility levels for the last 30 days are 1.84% for Conagra Brands Inc (CAG). The simple moving average for the past 20 days is 0.62% for CAG’s stock, with a 1.71% simple moving average for the past 200 days.
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 3.78% 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 -23.16% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares surge +6.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.37% upper at present.
During the last 5 trading sessions, CAG fell by -4.86%, which changed the moving average for the period of 200-days by -9.95% in comparison to the 20-day moving average, which settled at $29.66. In addition, Conagra Brands Inc saw 3.84% 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 2.9.
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 1.88. 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 summary, Conagra Brands Inc (CAG) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
