Conagra Brands Inc (CAG) concluded trading on Thursday at a closing price of $28.31, with 5.61 million shares of worth about $158.75 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.02% during that period and on November 07, 2024 the price saw a loss of about -2.04%. 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 -2.18% in past 5 days and over the past one month there was a price change of -3.41%. Year-to-date (YTD), CAG shares are showing a performance of -1.22% which increased to 3.36% 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 -3.64% below its 20-day simple moving average (SMA20), while that difference is down -7.84% for SMA50 and it goes to -5.01% 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 87.62% of that.
The stock has a current market capitalization of $13.51B and its 3Y-monthly beta is at 0.32. PE ratio of stock for trailing 12 months is 27.58, while it has posted earnings per share of $1.03 in the same period. Its PEG reads 18.26 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 1.97% while standing at 1.62% 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.
