Conagra Brands Inc (NYSE: CAG) Has Been Trading Down. What Are The Prospects For The Future?

Conagra Brands Inc (NYSE:CAG) traded at $29.08 at last check on Monday, June 10, made a downward move of -2.15% on its previous day’s price.

Looking at the stock we see that its previous close was $29.72. The company has a trailing 12-month PE ratio of 14.66. In terms of its 52-week price range, CAG has a high of $35.10 and a low of $25.16. The company’s stock has lost about -5.52% over that past 30 days.

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Conagra Brands Inc has a market cap of $13.90 billion. With its Forward Dividend at 1.40 and a yield of 4.81%, the company’s investors could be anxious for the CAG stock to gain ahead of the earnings release.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CAG stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of Hold.

Looking further, we note that the PEG ratio for the CAG stock currently stands at 20.08, and the most recent price level today is -3.86% off its SMA20 and -4.39% from its 50-day simple moving average. The RSI (14) is pointing at 37.36 while the volatility over the past week is 1.67% and jumps to 1.63% over the past one month. The beta value is 0.32, while the average true range (ATR) is currently pointing at 0.53.

Coming back to Conagra Brands Inc (NYSE:CAG), we note that the average 3-month trading volume was 4.46 million. Current shares outstanding are 477.02 million.

The insiders hold 0.50% of the company’s shares while institutions hold 86.68%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 1.47% up in year-to-date price movement.

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