A Closer Look At Fundamentals: Conagra Brands, Inc. (CAG)

Wall Street analysts will be watching closely when Conagra Brands, Inc. (NYSE:CAG) reports its quarterly earnings next, which is scheduled for Wed 26 Jun (In 71 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.66 per share. In the preceding quarter, the company reportedly generated EPS of $0.51 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 11.70%, a profit margin of 7.00% and a gross margin of 28.60%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Conagra Brands, Inc. (NYSE:CAG). Most recently, on April 11th, 2019, BofA/Merrill Reiterated a Buy rating. Before that, on November 14th, 2018, Bernstein Downgrade to Underperform. Credit Suisse Resumed a Neutral rating on October 31st, 2018, Stifel Reiterated an Buy rating on December 22nd, 2017, and Bernstein Upgrade a Mkt Perform rating on December 14th, 2017.

At its current price point, combined with the fact that this company has 486.20M shares outstanding, the current market capitalization sits at 14.63B. In the last trading day, 3,425,990 shares of Conagra Brands, Inc. were traded, which compares to its usual volume of about 8.19M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $2.55 in the past five trading days, resulting in a percentage change of +9.26% and a moving average of 29.82. In the past 20 days, its price changed by $7.28 (which is +31.92%) and the stock’s moving average was 27.79. Looking back a full 50 days, shares of CAG changed by $8.42 (which is +38.86%) and demonstrated a moving average of 24.98.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 88.07%, a 14-day Stochastic %K score of 88.68% and a 20-day Stochastic %K score of 95.20%. Using a similar metric, Conagra Brands, Inc. (CAG) shares showed a Stochastic %D of 86.23% over the past 9 days, a Stochastic %D score of 88.01% over the last 14 days, and a 20-day Stochastic %D of 94.55%. Meanwhile, this stock’s MACD Oscillator was 0.97 over the past 9 days, 1.47 over the past two weeks, and 2.19 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $30.09 level. Over the past 12 months, this stock has experienced a high price of $39.43 and a low of $20.22. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

T Rowe Price Associates Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Conagra Brands, Inc. (NYSE:CAG) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 55,042,589 shares of the company’s stock following the addition of 21,985,254 to this investor’s holdings during the three-month period. This share count represents that T Rowe Price Associates Inc now held 11.33% stake in Conagra Brands, Inc. (CAG)’s shares.

Just in the most recent trading day, Conagra Brands, Inc. (NYSE:CAG) experienced a high price of $30.44 and low point of $29.86. At the end of the last trading session, this stock was at 30.09 per share, following a loss of -$30.08, or 0.03% during the full day.