The stock of Conagra Brands Inc (CAG) has gone up by 3.71% for the week, with a 4.07% rise in the past month and a -3.14% drop in the past quarter. The volatility ratio for the week is 2.38%, and the volatility levels for the past 30 days are 1.80% for CAG. The simple moving average for the last 20 days is 3.06% for CAG’s stock, with a simple moving average of 2.68% for the last 200 days.
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 41.14x, Company’s 36-month beta value is 0.31.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 1 as “sell.”
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The public float for CAG is 475.81M, and currently, short sellers hold a 3.58% ratio of that floaft. The average trading volume of CAG on July 23, 2024 was 4.30M shares.
CAG) stock’s latest price update
Conagra Brands Inc (NYSE: CAG)’s stock price has soared by 0.10 in relation to previous closing price of 29.63. Nevertheless, the company has seen a gain of 3.71% in its stock price over the last five trading days. prnewswire.com reported 2024-07-16 that CHICAGO, July 16, 2024 /PRNewswire/ — Conagra Brands, Inc. (NYSE: CAG), one of North America’s leading branded food companies, today announced it has been recognized as one of the “Best Places to Work for Disability Inclusion” by The Disability Equality Index®, the world’s most comprehensive benchmarking tool for Fortune 1000 scope companies to measure disability workplace inclusion inside their organizations and to assess performance across industry sectors. Established in 2015, the Disability Equality Index is a joint initiative of Disability:IN and The American Association of People with Disabilities (AAPD) and is acknowledged today as the most robust disability inclusion assessment tool in business.
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 0.73% 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 -11.59% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 2.38%, as shares surge +2.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.80% lower at present.
During the last 5 trading sessions, CAG rose by +3.71%, which changed the moving average for the period of 200-days by +11.80% in comparison to the 20-day moving average, which settled at $28.82. In addition, Conagra Brands Inc saw 3.49% 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 Brock Charisse, who sale 15,444 shares at the price of $30.37 back on May 23 ’24. After this action, Brock Charisse now owns 113,254 shares of Conagra Brands Inc, valued at $469,034 using the latest closing price.
LENNY RICHARD H, the Director of Conagra Brands Inc, purchase 9,238 shares at $27.31 during a trade that took place back on Oct 09 ’23, which means that LENNY RICHARD H is holding 165,205 shares at $252,290 based on the most recent closing price.
Stock Fundamentals for CAG
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.28 for the gross margin
The net margin for Conagra Brands Inc stands at 0.03. The total capital return value is set at 0.09. Equity return is now at value 4.04, with 1.62 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 0.24. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is 3.77.
Currently, EBITDA for the company is 2.34 billion with net debt to EBITDA at 4.16. When we switch over and look at the enterprise to sales, we see a ratio of 1.89. The receivables turnover for the company is 13.82for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.97.
Conclusion
In a nutshell, Conagra Brands Inc (CAG) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
