How much can investors make with Conagra Brands Inc (CAG) stock in the next 12 months?

Conagra Brands Inc [CAG] stock is trading at $28.30, up 0.07%. An important factor to consider is whether the stock is rising or falling in short-term value. The CAG shares have gain 4.16% over the last week, with a monthly amount drifted -3.77%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Conagra Brands Inc [NYSE: CAG] stock has seen the most recent analyst activity on February 01, 2024, when Citigroup initiated its Neutral rating and assigned the stock a price target of $30. Previously, Wells Fargo started tracking the stock with Equal Weight rating on December 12, 2023, and set its price target to $31. On December 11, 2023, downgrade downgraded it’s rating to In-line. TD Cowen started tracking the stock assigning a Market Perform rating and suggested a price target of $32 on September 13, 2023. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $37 on July 17, 2023. Jefferies downgraded its rating to Hold for this stock on July 05, 2023, and downed its price target to $38.

Conagra Brands Inc [CAG] stock has fluctuated between $25.16 and $38.94 over the past year. Currently, Wall Street analysts expect the stock to reach $41.09 within the next 12 months. Conagra Brands Inc [NYSE: CAG] shares were valued at $28.30 at the most recent close of the market. An investor can expect a potential return of 45.19% based on the average CAG price forecast.

Analyzing the CAG fundamentals

Conagra Brands Inc [NYSE:CAG] reported sales of 12.17B for the trailing twelve months, which represents a drop of -3.16%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.07 points at the first support level, and at 27.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.52, and for the 2nd resistance point, it is at 28.74.

Conagra Brands Inc [CAG] reported earnings per share of $0.71 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.68/share, meaning a difference of $0.03 and a surprise factor of 4.40%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $0.66 per share as compared to estimates of $0.6 per share, a difference of $0.06 representing a surprise of 10.00%.

Ratios To Look Out For

For context, Conagra Brands Inc’s Current Ratio is 0.91. On the other hand, the Quick Ratio is 0.31, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.11, the price to book ratio is 1.50 and price to earnings (TTM) ratio is 13.78.

Transactions by insiders

Recent insider trading involved LENNY RICHARD H, Director, that happened on Oct 09 when 9238.0 shares were purchased. EVP & Co-COO, McGough Thomas M completed a deal on Aug 02 to sell 75522.0 shares. Meanwhile, EVP, Chief HR Officer Brock Charisse sold 7036.0 shares on Apr 14.

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