Stocks of Conagra Brands Inc (NYSE:CAG) traded higher last session on Wall Street, down -1.66% to $28.94.
CAG stock price is now -6.46% away from the 50-day moving average and -2.91% away from the 200-day moving average. The market capitalization of the company currently stands at $13.81B.
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With the price target of $36, Goldman recently initiated with Buy rating for Conagra Brands Inc (NYSE: CAG). On February 01, 2024, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $30, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, McGough Thomas M, EVP & COO sold 40,000 shares of the company’s stock on Aug 13 ’24. The stock was sold for $1,211,600 at an average price of $30.29. Upon completion of the transaction, the EVP & COO now directly owns 161,443 shares in the company, valued at $4.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 13 ’24, Officer McGough Thomas M bought 40,000 shares of the business’s stock. A total of $1,211,583 was incurred on buying the stock at an average price of $30.29. A total of 0.52% of the company’s stock is owned by insiders.
During the past 12 months, Conagra Brands Inc has had a low of $26.62 and a high of $33.24. As of last week, the company has a debt-to-equity ratio of 1.01, a current ratio of 0.94, and a quick ratio of 0.33. According to the stock market information, the enterprise value for the company is $22455781376, which is based on a 28.19 price-to-earnings ratio, a 18.67 price-to-earnings-growth ratio, and a beta of 0.32. The fifty day moving average price for CAG is $30.9382 and a two-hundred day moving average price translates $29.80805 for the stock.
The latest earnings results from Conagra Brands Inc (NYSE: CAG) was released for 2024-08-25. The net profit margin was 4.14% and return on equity was 5.62% for CAG. The company reported revenue of $2.79 billion for the quarter, compared to $2.9 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.76 percent.
