Conagra Brands Inc [CAG] stock is trading at $29.44, up 0.44%. 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 0.31% over the last week, with a monthly amount drifted -6.45%, 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 August 12, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $36. Previously, Citigroup started tracking the stock with Neutral rating on February 01, 2024, and set its price target to $30. On December 12, 2023, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $31 on the stock. Evercore ISI downgraded its rating to a In-line. TD Cowen initiated its recommendation with a Market Perform and recommended $32 as its price target on September 13, 2023. Morgan Stanley downgraded its rating to Equal-Weight for this stock on July 17, 2023, and downed its price target to $37. In a note dated July 05, 2023, Jefferies downgraded an Hold rating on this stock and revised its target price from $46 to $38.
Conagra Brands Inc [CAG] stock has fluctuated between $26.51 and $33.24 over the past year. Currently, Wall Street analysts expect the stock to reach $35.25 within the next 12 months. Conagra Brands Inc [NYSE: CAG] shares were valued at $29.44 at the most recent close of the market. An investor can expect a potential return of 19.74% based on the average CAG price forecast.
Analyzing the CAG fundamentals
Conagra Brands Inc [NYSE:CAG] reported sales of 11.94B for the trailing twelve months, which represents a drop of -3.76%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.01.
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 29.18 points at the first support level, and at 28.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.75, and for the 2nd resistance point, it is at 30.06.
Ratios To Look Out For
For context, Conagra Brands Inc’s Current Ratio is 0.94. As well, the Quick Ratio is 0.33, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.18, the price to book ratio is 1.62 and price to earnings (TTM) ratio is 28.68.
Transactions by insiders
Recent insider trading involved McGough Thomas M, EVP & COO, that happened on Aug 13 ’24 when 40000.0 shares were sold. Officer, McGough Thomas M completed a deal on Aug 13 ’24 to buy 40000.0 shares. Meanwhile, EVP, Chief HR Officer Brock Charisse sold 15444.0 shares on May 23 ’24.
