The stock of Conagra Brands Inc. (NYSE:CAG) increased by $0.12 on Monday to $30.14, up 0.38 percent. The last five days have seen an average of 2,811,489 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$8.62. The average number of shares traded over the last 20 days was 3,304,937, while the average volume over the last 50 days totaled 3,912,347.
CAG stock dropped -8.76% since last month. On 08/21/23, the company’s shares reached a one-month low of $29.48. The stock touched a high of $41.30 on 01/09/23, after rallying from a low of $29.48 in 52 weeks. The price of CAG stock has declined by -22.13% or -$8.62 this year, reaching a new high 5 times. Still, the stock price is down -27.03% from the 52-week high.
Insider Transactions
CAG stock investors should be aware that Conagra Brands Inc. (CAG) stock had its last reported insider trading activity 26 days ago on Aug 02. On Aug 02, EVP & Co-COO McGough Thomas M sold 75,522 shares at $33.07 each. This transaction resulted in the insider making $2,497,513. On Apr 14, Brock Charisse sold 7,036 shares at a price of US$37.04. After the transaction, the insider now owns 94,802 shares. EVP & Co-COO McGough Thomas M had earlier sold 45,000 shares on Apr 06 for $38.66 a share. The transaction was completed for $1,739,610.
Valuation Metrics
Conagra Brands Inc. (CAG) has a trailing price-to-earnings (P/E) ratio of 21.16. Beta for the stock is 0.55. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.16, the price-to-book (PB) ratio of 1.65, and the price-to-cash flow ratio of 22.47.
Company paid $0.35 per share in dividends, an increase of 6.06% from $0.33 last year. A $0.02 dividend increase was reported on Thursday July 13 2023.
Financial Health
For the recent quarter, Conagra Brands Inc.’s quick ratio was 0.30, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.81, and the total debt to equity ratio is 1.06. As far as profitability goes, gross margin for the trailing twelve months is 26.80% percent. Conagra Brands Inc.’s EBITDA margin for the recent year was 18.27%, whereas its operating margin stood at 9.00% for the same period. Based on annual data, it had gross profit of $3.26 billion and revenue of $12.28 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CAG’s return on assets (ROA) during the last 12 months has been 3.10%. There was a 4.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.90%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.52 billion, while revenues fell by -20.58% to $3.24 billion. EBITDA was $155.9 million for the quarter. At the end of Conagra Brands Inc.’s most recent quarter, its liabilities totaled 13.25 billion, while its total debt was $9.47 billion. Equity owned by shareholders amounts to $477.06 million.
Technical Picture
Here’s a quick look at Conagra Brands Inc.’s (CAG) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 35.91%, suggesting the stock is Neutral, with a 11.77% historical volatility rate.
The stochastic %K and %D were 18.67% and 11.62% respectively, while the average true range (ATR) was 0.46. Based on the 14-day stochastic reading of 29.63%, the RSI (14) reading is 32.72%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at -0.36.
Analyst Ratings
Conagra Brands Inc. (NYSE: CAG) was downgraded by Morgan Stanley to a an Equal-weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Conagra Brands Inc. (CAG) an Hold rating. CAG is a stock that is recommended for selling by 0 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 2 others recommend it as a buy.
What is CAG’s price target for the next 12 months?
The current consensus forecast for the stock is between $35.00 and $39.00, with a median target price of $37.00. In analyzing these forecasts, the average price target given by analysts for Conagra Brands Inc. (CAG) is $36.93.
