US Stock MarketDetailed Quotes
CAG Conagra Brands
- 31.570
- +0.300+0.96%
Close Apr 24 16:00 ET
15.09BMarket Cap15.86P/E (TTM)
31.710High30.850Low6.87MVolume30.950Open31.270Pre Close216.57MTurnover1.45%Turnover Ratio22.23P/E (Static)478.06MShares37.38352wk High1.65P/B15.00BFloat Cap24.54452wk Low1.38Dividend TTM475.02MShs Float39.161Historical High4.37%Div YieldTTM2.75%Amplitude6.455Historical Low31.539Avg Price1Lot Size
Conagra Brands Stock Forum
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ColumnsToday's Morning Movers and Top Ratings: SQ, RDDT, HTZ, WYNN and More
Morning Movers
Gapping up
$Zeta Global(ZETA.US$ The stock increased by 5% after Morgan Stanley upgraded the software firm to an overweight rating from equal-weight, anticipating positive revisions to valuation and estimates due to near-term catalysts and a "strong track record" of prudent guidance.
$Wayfair(W.US$ The home-focused e-commerce retailer's shares climbed nearly 5% following an upgrade to outperform from in line by ...
Gapping up
$Zeta Global(ZETA.US$ The stock increased by 5% after Morgan Stanley upgraded the software firm to an overweight rating from equal-weight, anticipating positive revisions to valuation and estimates due to near-term catalysts and a "strong track record" of prudent guidance.
$Wayfair(W.US$ The home-focused e-commerce retailer's shares climbed nearly 5% following an upgrade to outperform from in line by ...
28
1
Evercore analysts believe food stocks are undervalued and recommend buying. Portfolio managers may increase stakes if economic signals are negative. Volumes are expected to remain solid and possibly grow, according to Lamar Villere. Evercore's David Palmer sets a $32 target on Conagra stock, a 14% upside from current $28, despite a Hold rating.
Conagra Brands' rising ROCE indicates increased proficiency in generating returns, reflected in a 59% shareholder return over five years. Further research is needed to determine if these trends will continue.
Analysts speculate if other food companies will report a negative price mix like Conagra. Firms maintaining pandemic pricing may need to reconsider, especially those with easily substitutable products.
Conagra's struggling share prices may continue to be suppressed by waning price momentum and low sales volume, as an impending period of deflation in the U.S. food industry could lead customers to delay purchases.
Week Ahead Watchlist - January 1-5:
*Mon: New Year’s Break - U.S. Stocks Closed
*Tues: $Tesla(TSLA.US$ Q4 Deliveries
*Wed: Fed Minutes; ISM Mfg. PMI, JOLTs, Vehicle Sales; $CALM Earnings
*Thurs: ADP Payrolls, Jobless Claims; $Walgreens Boots Alliance(WBA.US$ $Conagra Brands(CAG.US$ $Lamb Weston(LW.US$
*Fri: Jobs Report, ISM Services PMI; $Constellation Brands(STZ.US$
$SPDR Dow Jones Industrial Average Trust(DIA.US$$SPDR S&P 500 ETF(SPY.US$$Invesco QQQ Trust(QQQ.US$
*Tues: $Tesla(TSLA.US$ Q4 Deliveries
*Wed: Fed Minutes; ISM Mfg. PMI, JOLTs, Vehicle Sales; $CALM Earnings
*Thurs: ADP Payrolls, Jobless Claims; $Walgreens Boots Alliance(WBA.US$ $Conagra Brands(CAG.US$ $Lamb Weston(LW.US$
*Fri: Jobs Report, ISM Services PMI; $Constellation Brands(STZ.US$
$SPDR Dow Jones Industrial Average Trust(DIA.US$$SPDR S&P 500 ETF(SPY.US$$Invesco QQQ Trust(QQQ.US$
1
Investors' concerns over Conagra Brands' inferior earnings outlook keep its P/E lower than the market. It can deter shares from increasing unless conditions improve.
Conagra Brands' similar ROE to industry average and use of debt to boost returns don't make it appealing due to low ROE and significant debt use. Usually, high quality businesses manage to reach high ROEs without massive debt.
ColumnsWhy Are US Retail Stocks Tumbling Despite a Strong Economy?
Retail companies in the US are facing challenges as consumers become more cautious with their spending. Over two dozen stocks in the consumer staples and discretionary sectors of the $S&P 500 Index(.SPX.US$have hit new 52-week lows in October, including $Dollar General(DG.US$, $Target(TGT.US$, $The Kraft Heinz(KHC.US$ and $Colgate-Palmolive(CL.US$.
Here's why they are struggling.
Consumers feel financially constrained
Higher gasolin...
Here's why they are struggling.
Consumers feel financially constrained
Higher gasolin...
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1
The analysis in the article suggests that Conagra Brands' diminished returns despite reinvestments in the business might not make it a potential multi-bagger stock. The company's declining stock and falling returns might not incite optimism among investors.
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