Conagra Brands Inc [CAG] is -6.73% lower this YTD. Is it still time to buy?

Conagra Brands Inc [NYSE: CAG] loss -2.05% or -0.56 points to close at $26.73 with a heavy trading volume of 4628793 shares. The company report on January 30, 2024 at 7:30 AM that CONAGRA BRANDS ANNOUNCES DETAILS OF 2024 CAGNY CONFERENCE PRESENTATION WEBCAST.

Conagra Brands, Inc. (NYSE: CAG) will present at the 2024 CAGNY (Consumer Analyst Group of New York) Conference on Tuesday, Feb. 20, at 9 a.m. ET.

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Sean Connolly, president and chief executive officer of Conagra Brands, Tom McGough, executive vice president and co-chief operating officer, Ale Eboli, executive vice president and chief supply chain officer, and Dave Marberger, executive vice president and chief financial officer, will present information on Conagra Brands’ business strategies and financial outlook.

The daily chart for CAG points out that the company has recorded -11.75% loss over the past six months.

If we look at the average trading volume of 4.64M shares, CAG reached to a volume of 4628793 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $29.97 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 2.90. 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.

Citigroup have made an estimate for Conagra Brands Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 01, 2024.

The Average True Range (ATR) for Conagra Brands Inc is set at 0.64, with the Price to Sales ratio for CAG stock in the period of the last 12 months amounting to 1.05. The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 0.13. Price to Free Cash Flow for CAG in the course of the last twelve months was 10.97 with Quick ratio for the last quarter at 0.31.

Trading performance analysis for CAG stock

Conagra Brands Inc [CAG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.75. With this latest performance, CAG shares dropped by -6.47% in over the last four-week period, additionally sinking by -11.75% over the last 6 months – not to mention a drop of -27.32% 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 31.45, with the RSI for the last a single of trading hit 25.20, and the three-weeks RSI is set at 36.05 for Conagra Brands Inc [CAG]. The present Moving Average for the last 50 days of trading for this stock 28.92, while it was recorded at 27.46 for the last single week of trading, and 30.61 for the last 200 days.

Conagra Brands Inc [CAG]: A deeper dive into fundamental analysis

Conagra Brands Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.31 and a Current Ratio set at 0.91.

Conagra Brands Inc [CAG]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Conagra Brands Inc posted 0.76/share EPS, while the average EPS was predicted by analysts to be reported at 0.64/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 18.80%. 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 0.98%.

An analysis of Institutional ownership at Conagra Brands Inc [CAG]

The top three institutional holders of CAG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CAG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CAG stock with ownership which is approximately 5.8325%.