Is that what Sustainable Earning stands for?: Conagra Brands Inc (CAG)

Conagra Brands Inc [CAG] stock is trading at $28.74, up 1.20%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CAG shares have gain 1.55% over the last week, with a monthly amount drifted -2.71%, 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 $33.60 over the past year. 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 $28.74 at the most recent close of the market. An investor can expect a potential return of 24.01% based on the average CAG price forecast.

Analyzing the CAG fundamentals

Conagra Brands Inc [NYSE:CAG] reported sales of 12.12B for the trailing twelve months, which represents a drop of -1.74%. 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 28.41 points at the first support level, and at 28.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.98, and for the 2nd resistance point, it is at 29.23.

Ratios To Look Out For

For context, Conagra Brands Inc’s Current Ratio is 0.95. As well, the Quick Ratio is 0.33, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 1.13, the price to book ratio is 1.50 and price to earnings (TTM) ratio is 14.49.

Transactions by insiders

Recent insider trading involved Brock Charisse, EVP, Chief HR Officer, that happened on May 23 ’24 when 15444.0 shares were sold. Director, LENNY RICHARD H completed a deal on Oct 09 ’23 to buy 9238.0 shares. Meanwhile, EVP & Co-COO McGough Thomas M sold 75522.0 shares on Aug 02 ’23.

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