In the past week, CAG stock has gone down by -0.51%, with a monthly gain of 4.39% and a quarterly surge of 5.96%. The volatility ratio for the week is 1.73%, and the volatility levels for the last 30 days are 1.90% for Conagra Brands Inc The simple moving average for the last 20 days is 1.48% for CAG stock, with a simple moving average of 6.22% for the last 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 15.60x compared to its average ratio. CAG has 36-month beta value of 0.37. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for CAG is 475.74M, and currently, short sellers hold a 2.69% ratio of that float. The average trading volume of CAG on April 30, 2024 was 4.74M shares.
CAG) stock’s latest price update
Conagra Brands Inc (NYSE: CAG) has seen a decline in its stock price by -0.45 in relation to its previous close of 31.08. However, the company has experienced a -0.51% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-24 that Conagra Brands, Inc. posted Q3 earnings with a beat on the bottom line and in line with top-line expectations. Like any packaged food company, they have been dealing with declining volumes and higher inflation but remain value-priced. CAG also offers investors what appears to be quite a safe dividend of ~4.4% that looks set to continue to grow.
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 6.02% 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 -20.11% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 1.73%, as shares surge +4.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.88% upper at present.
During the last 5 trading sessions, CAG fell by -0.51%, which changed the moving average for the period of 200-days by -6.69% in comparison to the 20-day moving average, which settled at $30.55. In addition, Conagra Brands Inc saw 7.96% 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 1.93. 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
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.
