Conagra Brands Inc [NYSE: CAG] gained 1.72% or 0.55 points to close at $32.60 with a heavy trading volume of 4280888 shares.
The daily chart for CAG points out that the company has recorded 16.14% gains over the past six months.
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If we look at the average trading volume of 4.61M shares, CAG reached to a volume of 4280888 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 $30.67 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 2.67. 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.
Goldman have made an estimate for Conagra Brands Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 12, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on February 01, 2024, representing the official price target for Conagra Brands Inc stock. Previously, the target price had yet another raise to $31, while Wells Fargo analysts kept a Equal Weight rating on CAG stock.
The Average True Range (ATR) for Conagra Brands Inc is set at 0.65, with the Price to Sales ratio for CAG stock in the period of the last 12 months amounting to 1.30. The Price to Book ratio for the last quarter was 1.85, with the Price to Cash per share for the same quarter was set at 0.16. Price to Free Cash Flow for CAG in the course of the last twelve months was 9.60 with Quick ratio for the last quarter at 0.33.
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 -0.70. With this latest performance, CAG shares gained by 8.05% in over the last four-week period, additionally plugging by 16.14% over the last 6 months – not to mention a rise of 12.18% 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 62.03, with the RSI for the last a single of trading hit 62.63, and the three-weeks RSI is set at 61.10 for Conagra Brands Inc [CAG]. The present Moving Average for the last 50 days of trading for this stock 30.50, while it was recorded at 32.13 for the last single week of trading, and 29.56 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 0.33 and a Current Ratio set at 0.97.
Conagra Brands Inc [CAG]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Conagra Brands Inc posted 0.66/share EPS, while the average EPS was predicted by analysts to be reported at 0.6/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. 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 1.86%.
An analysis of Institutional ownership at Conagra Brands Inc [CAG]
There are presently around $89.08%, or 89.57%% of CAG stock, in the hands of institutional investors. The top three institutional holders of CAG stocks are: VANGUARD GROUP INC with ownership of 57.35 million shares, which is approximately 11.9779%. BLACKROCK INC., holding 47.23 million shares of the stock with an approximate value of $$1.34 billion in CAG stocks shares; and BLACKROCK INC., currently with $$647.76 million in CAG stock with ownership which is approximately 4.7603%.
