For Conagra Brands Inc. [CAG], Analyst sees a rise to $38. What next?


Conagra Brands Inc. [NYSE: CAG] plunged by -$0.19 during the normal trading session on Tuesday and reaching a high of $34.355 during the day while it closed the day at $33.98. The company report on January 6, 2022 that CONAGRA BRANDS REPORTS SECOND QUARTER RESULTS.

Increases organic net sales guidance; Reaffirms adjusted EPS guidance.

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Today Conagra Brands, Inc. (NYSE: CAG) reported results for the second quarter of fiscal year 2022, which ended on November 28, 2021. All comparisons are against the prior-year fiscal period, unless otherwise noted. Certain terms used in this release, including “Organic net sales,” “EBITDA,” “Two-year compounded annualized,” and certain “adjusted” results, are defined under the section entitled “Definitions.” See page 5 for more information.

Conagra Brands Inc. stock has also loss -0.64% of its value over the past 7 days. However, CAG stock has inclined by 1.71% in the 3 months of the year. Over the past six months meanwhile, it has gained 0.27% and lost -0.50% year-on date.

The market cap for CAG stock reached $15.73 billion, with 480.20 million shares outstanding and 477.58 million shares in the current float. Compared to the average trading volume of 3.75M shares, CAG reached a trading volume of 3581525 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Conagra Brands Inc. [CAG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CAG shares is $36.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CAG stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Conagra Brands Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 08, 2021. The new note on the price target was released on September 29, 2021, representing the official price target for Conagra Brands Inc. stock. Previously, the target price had yet another drop from $39 to $35, while Stifel kept a Hold rating on CAG stock. On July 14, 2021, analysts decreased their price target for CAG shares from 44 to 36.

The Average True Range (ATR) for Conagra Brands Inc. is set at 0.76, with the Price to Sales ratio for CAG stock in the period of the last 12 months amounting to 1.40. The Price to Book ratio for the last quarter was 1.88, with the Price to Cash per share for the same quarter was set at 0.15. Price to Free Cash Flow for CAG in the course of the last twelve months was 99.79 with Quick ratio for the last quarter at 0.40.

CAG stock trade performance evaluation

Conagra Brands Inc. [CAG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.64. With this latest performance, CAG shares gained by 5.92% in over the last four-week period, additionally plugging by 0.27% over the last 6 months – not to mention a rise of 3.25% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CAG stock in for the last two-week period is set at 55.41, with the RSI for the last a single of trading hit 53.20, and the three-weeks RSI is set at 55.52 for Conagra Brands Inc. [CAG]. The present Moving Average for the last 50 days of trading for this stock 32.66, while it was recorded at 34.12 for the last single week of trading, and 34.67 for the last 200 days.

Conagra Brands Inc. [CAG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Conagra Brands Inc. [CAG] shares currently have an operating margin of +19.32 and a Gross Margin at +30.41. Conagra Brands Inc.’s Net Margin is presently recorded at +11.61.

Return on Total Capital for CAG is now 12.07, given the latest momentum, and Return on Invested Capital for the company is 7.64. Return on Equity for this stock inclined to 15.81, with Return on Assets sitting at 5.84. When it comes to the capital structure of this company, Conagra Brands Inc. [CAG] has a Total Debt to Total Equity ratio set at 107.94. Additionally, CAG Total Debt to Total Capital is recorded at 51.91, with Total Debt to Total Assets ending up at 41.59. Long-Term Debt to Equity for the company is recorded at 98.97, with the Long-Term Debt to Total Capital now at 47.59.

Reflecting on the efficiency of the workforce at the company, Conagra Brands Inc. [CAG] managed to generate an average of $69,828 per employee. Receivables Turnover for the company is 13.52 with a Total Asset Turnover recorded at a value of 0.50.Conagra Brands Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.90.

Earnings per share (EPS) analysis for Conagra Brands Inc. [CAG] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CAG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Conagra Brands Inc. go to 1.66%.

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Conagra Brands Inc. [CAG]: Insider Ownership positions

There are presently around $13,773 million, or 87.10% of CAG stock, in the hands of institutional investors. The top three institutional holders of CAG stocks are: CAPITAL WORLD INVESTORS with ownership of 58,818,227, which is approximately 0.738% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 54,888,584 shares of the stock with an approximate value of $1.87 billion in CAG stocks shares; and BLACKROCK INC., currently with $1.32 billion in CAG stock with ownership of nearly 3.503% of the company’s market capitalization.

Positions in Conagra Brands Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 303 institutional holders increased their position in Conagra Brands Inc. [NYSE:CAG] by around 20,397,375 shares. Additionally, 342 investors decreased positions by around 18,699,505 shares, while 145 investors held positions by with 366,228,034 shares. The mentioned changes placed institutional holdings at 405,324,914 shares, according to the latest SEC report filing. CAG stock had 55 new institutional investments in for a total of 2,573,517 shares, while 84 institutional investors sold positions of 3,005,711 shares during the same period.