In Tuesday’s Wall Street session, Conagra Brands Inc (NYSE:CAG) shares traded at $26.00, down -0.27% from the previous session.
CAG stock price is now 1.08% away from the 50-day moving average and -8.83% away from the 200-day moving average. The market capitalization of the company currently stands at $12.41B.
With the price target reduced from $33 to $26, Goldman Downgraded its rating from Buy to Neutral for Conagra Brands Inc (NYSE: CAG). On August 12, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $36, while ‘Citigroup’ rates the stock as ‘Neutral’
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 $4.2 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 0.55% of the company’s stock is owned by insiders.
During the past 12 months, Conagra Brands Inc has had a low of $23.06 and a high of $33.24. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 0.70, and a quick ratio of 0.22. The fifty day moving average price for CAG is $25.7234 and a two-hundred day moving average price translates $28.5173 for the stock.
The latest earnings results from Conagra Brands Inc (NYSE: CAG) was released for 2024-11-24. The net profit margin was 4.13% and return on equity was 5.53% for CAG. The company reported revenue of $3.2 billion for the quarter, compared to $3.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.41 percent.
