Conagra Brands Inc (CAG) concluded trading on Wednesday at a closing price of $29.43, with 4.14 million shares of worth about $121.86 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.26% during that period and on October 30, 2024 the price remained unchanged. Currently the company’s common shares owned by public are about 478.17M shares, out of which, 474.80M shares are available for trading.
Stock saw a price change of -0.07% in past 5 days and over the past one month there was a price change of -10.06%. Year-to-date (YTD), CAG shares are showing a performance of 2.69% which increased to 8.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.62 but also hit the highest price of $33.24 during that period. The average intraday trading volume for Conagra Brands Inc shares is 4.81 million. The stock is currently trading -0.32% below its 20-day simple moving average (SMA20), while that difference is down -4.99% for SMA50 and it goes to -1.27% lower than SMA200.
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Conagra Brands Inc (NYSE: CAG) currently have 478.17M outstanding shares and institutions hold larger chunk of about 87.89% of that.
The stock has a current market capitalization of $14.05B and its 3Y-monthly beta is at 0.32. PE ratio of stock for trailing 12 months is 28.67, while it has posted earnings per share of $1.03 in the same period. Its PEG reads 18.99 and has Quick Ratio of 0.33 while making debt-to-equity ratio of 1.01. 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 1.16% while standing at 1.70% over the month.
Stock’s fiscal year EPS is expected to drop by -3.14% while it is estimated to increase by 3.92% in next year. EPS is likely to grow at an annualized rate of 1.51% 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.
