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In the latest session, Conagra Brands Inc (NYSE: CAG) closed at $29.51 up 0.55% from its previous closing price of $29.35. In other words, the price has increased by $0.55 from its previous closing price. On the day, 5.21 million shares were traded. CAG stock price reached its highest trading level at $29.615 during the session, while it also had its lowest trading level at $29.135.
Ratios:
For a deeper understanding of Conagra Brands Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 109.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.63. For the most recent quarter (mrq), Quick Ratio is recorded 0.33 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 1.01 whereas as Long-Term Debt/Eq ratio is at 0.86.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on August 12, 2024, initiated with a Buy rating and assigned the stock a target price of $36.
On February 01, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $30.
On December 12, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $31.Wells Fargo initiated its Equal Weight rating on December 12, 2023, with a $31 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 13 ’24 when McGough Thomas M sold 40,000 shares for $30.29 per share. The transaction valued at 1,211,600 led to the insider holds 161,443 shares of the business.
McGough Thomas M bought 40,000 shares of CAG for $1,211,583 on Aug 13 ’24. On May 23 ’24, another insider, Brock Charisse, who serves as the EVP, Chief HR Officer of the company, sold 15,444 shares for $30.37 each. As a result, the insider received 469,034 and left with 113,254 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CAG now has a Market Capitalization of 14084326400 and an Enterprise Value of 22727825408. As of this moment, Conagra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.75, and their Forward P/E ratio for the next fiscal year is 10.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 19.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.18 while its Price-to-Book (P/B) ratio in mrq is 1.62. Its current Enterprise Value per Revenue stands at 1.903 whereas that against EBITDA is 10.149.
Stock Price History:
Over the past 52 weeks, CAG has reached a high of $33.24, while it has fallen to a 52-week low of $25.16. The 50-Day Moving Average of the stock is -5.58%, while the 200-Day Moving Average is calculated to be -0.78%.
Shares Statistics:
For the past three months, CAG has traded an average of 5.02M shares per day and 6041840 over the past ten days. A total of 478.17M shares are outstanding, with a floating share count of 474.80M. Insiders hold about 0.52% of the company’s shares, while institutions hold 88.13% stake in the company. Shares short for CAG as of 1726185600 were 17033210 with a Short Ratio of 3.39, compared to 1723680000 on 14433556. Therefore, it implies a Short% of Shares Outstanding of 17033210 and a Short% of Float of 4.0799997999999995.
Dividends & Splits
According to the company, the forward annual dividend rate for CAG is 1.40, from 1.4 in the trailing year. Against a Trailing Annual Dividend Yield of 0.04770017The stock’s 5-year Average Dividend Yield is 3.52.
