The stock of Conagra Brands Inc (NYSE: CAG) has decreased by -0.28 when compared to last closing price of 32.39.Despite this, the company has seen a gain of 0.78% in its stock price over the last five trading days. 247wallst.com reported 2024-09-15 that 24/7 Wall St. Insights Goldman Sachs is one of the premier investment banks in the world.
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 44.81x compared to its average ratio. CAG has 36-month beta value of 0.31. 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.”
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The public float for CAG is 476.56M, and currently, short sellers hold a 3.20% ratio of that float. The average trading volume of CAG on September 23, 2024 was 4.58M shares.
CAG’s Market Performance
CAG stock saw an increase of 0.78% in the past week, with a monthly gain of 5.07% and a quarterly increase of 12.07%. The volatility ratio for the week is 1.77%, and the volatility levels for the last 30 days are 1.88% for Conagra Brands Inc (CAG). The simple moving average for the last 20 days is 1.26% for CAG’s stock, with a simple moving average of 9.04% for the last 200 days.
Analysts’ Opinion of CAG
Many brokerage firms have already submitted their reports for CAG stocks, with Goldman repeating the rating for CAG by listing it as a “Buy.” The predicted price for CAG in the upcoming period, according to Goldman is $36 based on the research report published on August 12, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see CAG reach a price target of $30. The rating they have provided for CAG stocks is “Neutral” according to the report published on February 01st, 2024.
Wells Fargo gave a rating of “Equal Weight” to CAG, setting the target price at $31 in the report published on December 12th of the previous year.
CAG Trading at 5.09% 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 -2.83% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.77%, as shares surge +5.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.81% upper at present.
During the last 5 trading sessions, CAG rose by +0.78%, which changed the moving average for the period of 200-days by +11.53% in comparison to the 20-day moving average, which settled at $31.99. In addition, Conagra Brands Inc saw 12.70% 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 McGough Thomas M, who sale 40,000 shares at the price of $30.29 back on Aug 13 ’24. After this action, McGough Thomas M now owns 161,443 shares of Conagra Brands Inc, valued at $1,211,600 using the latest closing price.
McGough Thomas M, the Officer of Conagra Brands Inc, proposed sale 40,000 shares at $30.29 during a trade that took place back on Aug 13 ’24, which means that McGough Thomas M is holding shares at $1,211,583 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 3.78.
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 2.0. 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
To put it simply, Conagra Brands Inc (CAG) has had a better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
