A share price of Conagra Brands Inc [CAG] is currently trading at $30.31, up 1.99%. An important factor to consider is whether the stock is rising or falling in short-term value. The CAG shares have gain 2.96% over the last week, with a monthly amount drifted -7.39%, 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 experienced fluctuations in its stock price throughout the past year between $26.62 and $33.24. 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 $30.31 at the most recent close of the market. An investor can expect a potential return of 16.3% based on the average CAG price forecast.
Analyzing the CAG fundamentals
Trailing Twelve Months sales for Conagra Brands Inc [NYSE:CAG] were 11.94B which represents -3.76% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.01.
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 29.90 points at the first support level, and at 29.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.60, and for the 2nd resistance point, it is at 30.88.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Conagra Brands Inc [NYSE:CAG] is 0.94. On the other hand, the Quick Ratio is 0.33, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 1.66 and price to earnings (TTM) ratio is 29.53.
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.
