Conagra Brands Inc (NYSE:CAG) price on current trading day, fall -2.84% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $25.36.
A look at the stock’s price movement, the close in the last trading session was $26.10. The PE ratio in trailing twelve months stood at 24.78. Turning to its 52-week performance, $33.24 and $23.06 were the 52-week high and 52-week low respectively. Overall, CAG moved -3.24% over the past month.
Conagra Brands Inc’s market cap currently stands at around $12.10 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 1.40, with its dividend yield at 5.52%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 2.92B for the company’s revenue for the quarter, with a low and high estimate of 2.88B and 2.99B respectively. The average forecast suggests down to a -3.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 11.8B, representing a -2.09% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CAG is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 9 analyst(s) rate the stock as a Hold, 6 recommend CAG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CAG’s current price about 0.62% and -3.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.81, while 7-day volatility ratio is 3.42% and 2.64% in the 30-day chart. Further, Conagra Brands Inc (CAG) has a beta value of 0.17, and an average true range (ATR) of 0.75. Analysts have given the company’s stock an average 52-week price target of $31.5, forecast between a low of $30 and high of $33. Looking at the price targets, the low is -18.3% off current price level while to achieve the yearly target high, price needs to move -30.13%. Nonetheless, investors will most likely welcome a -24.21% jump to $31.5 which is the analysts’ median price.
If we refocus on Conagra Brands Inc (NYSE:CAG), historical trading data shows that trading volumes averaged 5.58 million over the past 3 months. The company’s latest data on shares outstanding shows there are 477.32 million shares.
The 0.55% of Conagra Brands Inc’s shares are in the hands of company insiders while institutional holders own 87.78% of the company’s shares. Current price change has pushed the stock -8.61% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CAG stock continues to rise going into the next quarter.
