Conagra Brands Inc (CAG) concluded trading on Wednesday at a closing price of $32.41, with 4.61 million shares of worth about $149.36 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.00% during that period and on September 04, 2024 the price saw a gain of about 1.54%. Currently the company’s common shares owned by public are about 478.17M shares, out of which, 476.56M shares are available for trading.
Stock saw a price change of 3.65% in past 5 days and over the past one month there was a price change of 8.00%. Year-to-date (YTD), CAG shares are showing a performance of 13.08% which increased to 10.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.16 but also hit the highest price of $32.27 during that period. The average intraday trading volume for Conagra Brands Inc shares is 4.52 million. The stock is currently trading 5.66% above its 20-day simple moving average (SMA20), while that difference is up 8.72% for SMA50 and it goes to 10.34% higher than SMA200.
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Conagra Brands Inc (NYSE: CAG) currently have 478.17M outstanding shares and institutions hold larger chunk of about 88.56% of that.
The stock has a current market capitalization of $15.53B and its 3Y-monthly beta is at 0.30. PE ratio of stock for trailing 12 months is 44.96, while it has posted earnings per share of $0.72 in the same period. Its PEG reads 24.21 and has Quick Ratio of 0.33 while making debt-to-equity ratio of 1.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CAG, volatility over the week remained 2.10% while standing at 1.96% over the month.
Analysts are in expectations that Conagra Brands Inc (CAG) stock would likely to be making an EPS of 0.59 in the current quarter, while forecast for next quarter EPS is 0.7 and it is 2.7 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.55 which is 0.62 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.66 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -2.09% while it is estimated to increase by 3.35% in next year. EPS is likely to grow at an annualized rate of 1.86% for next 5-years, compared to annual growth of -13.83% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on August 12, 2024 offering a Buy rating for the stock and assigned a target price of $36 to it. Coverage by Citigroup stated Conagra Brands Inc (CAG) stock as a Neutral in their note to investors on February 01, 2024, suggesting a price target of $30 for the stock. Stock get a Market perform rating from TD Cowen on September 13, 2023.
