Currently, Conagra Brands Inc [CAG] is trading at $30.24, up 0.77%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CAG shares have lost -1.18% over the last week, with a monthly amount glided 7.16%, and 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.
This stock has fluctuated between a low of $25.16 and a high of $38.73 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $35.64 within the next 12 months. Conagra Brands Inc [NYSE: CAG] shares were valued at $30.24 at the most recent close of the market. An investor can expect a potential return of 17.86% based on the average CAG price forecast.
Analyzing the CAG fundamentals
Trailing Twelve Months sales for Conagra Brands Inc [NYSE:CAG] were 12.12B which represents -1.74% decline. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.11 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.95.
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 30.07 points at the first support level, and at 29.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.40, and for the 2nd resistance point, it is at 30.56.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Conagra Brands Inc [NYSE:CAG] is 0.95. Also, the Quick Ratio is 0.33, while the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 1.58 and price to earnings (TTM) ratio is 15.24.
Transactions by insiders
Recent insider trading involved LENNY RICHARD H, Director, that happened on Oct 09 ’23 when 9238.0 shares were purchased. EVP & Co-COO, McGough Thomas M completed a deal on Aug 02 ’23 to sell 75522.0 shares.
