CAG stock: buy or sell?

CAG stock price: $29.79 0.44% At close on September 20th, 2019

Updated on:
September 20th, 2019

3

Shares of ConAgra Brands closed today at $29.79 and appreciated a slightly good 0.44%.

Conagra Brands, Inc., together with its subsidiaries, operates as a food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments.

Should I buy CAG stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, ConAgra Brands stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is ConAgra Brands stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we gathered 13 ratings published for CAG stock in the last month.

The general sentiment of these ratings is bullish for CAG stock, with 10 positive ratings.
Is CAG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-6Goldman Sachs GroupBuyNeutral
2019-9-19Credit Suisse Groupn/aHold
2019-6-28UBS Groupn/aBuy
2019-6-28Citigroupn/aBuy
2019-6-28Bank of American/aBuy
2019-5-20Morgan Stanleyn/aEqual Weight
2019-5-14SunTrust Banksn/aBuy
2019-4-11Bank of American/aBuy
2019-3-22Goldman Sachs Groupn/aBuy
2019-3-22Goldman Sachs Groupn/aBuy
2019-3-22Goldman Sachs Groupn/aBuy
2019-3-22Bank of American/aBuy
2019-1-2Goldman Sachs GroupConviction-BuyBuy

CAG stock analysis

Daily outlook

ConAgra Brands ended today at $29.79 and appreciated a slightly good 0.44%.

Shares of ConAgra Brands closed today at $29.79 and appreciated a slightly good 0.44%. Since last July when SMA100d and SMA200d crossed up, CAG price gained $1.75 per share (6.24%). On July CAG price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. CAG is retaking the upward trend marking a new rising bottom heading to break out over $30.57.

CAG stock chart (daily)

Weekly outlook

Shares of ConAgra Brands ended this week at $29.79 and remained steady a tight -0.27%. By mid August CAG plunged a spooky -5.51% in just one week.

Since SMA20d and SMA40w crossed up early July, CAG price climbed $1.93 per share (6.93%). Early July CAG price bounced up over the SMA of 40 weeks that acted as support stopping new slides.

CAG stock chart (weekly)

CAG stock price history

CAG stock went public on March 17th, 1980 with a price of $0.091. Since then, CAG stock surged a 33,000.00%, with a yearly average of 846.20%. If you had invested right after CAG's IPO a $1,000 in CAG stock in 1980, it would worth $330,000.00 today.

1: Adjusted price after possible price splits or reverse-splits.

CAG stock historical price chart

CAG stock reached 52-week highs at $36.92, and all-time highs 2017-03-01 with a price of 39.06.

CAG stock price target is $32.30

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' CAG stock price predictions in the hope that they will be met as they may be wrong and not met. We detected 12 price predictions for ConAgra Brands stock released in the last month:
CAG stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-6Goldman Sachs GroupDowngrades$33.00$31.00-6.1%
2019-9-19Credit Suisse GroupReiteratesn/a$29.00-
2019-6-28UBS GroupSet Price Targetn/a$32.00-
2019-6-28CitigroupLowers Target$36.00$34.00-5.6%
2019-6-28Bank of AmericaSet Price Targetn/a$35.00-
2019-5-20Morgan StanleyInitiatesn/a$31.00-
2019-5-14SunTrust BanksInitiatesn/a$35.00-
2019-4-11Bank of AmericaRaises Target$30.00$35.0016.7%
2019-3-22Goldman Sachs GroupSet Price Target$31.00$32.003.2%
2019-3-22Goldman Sachs GroupReiterates$31.00$32.003.2%
2019-3-22Goldman Sachs GroupRaises Target$31.00$32.003.2%
2019-3-22Bank of AmericaSet Price Targetn/a$30.00-
(in average)$32.00$32.301.0%
The price prediction for ConAgra Brands stock is $32.30, moving in a range between $35.00 and $29.00. In average, analysts' outlook on CAG price forecast is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On March, ConAgra Brands reported its latest financial data, posting a nice gain for the Earnings per Share (EPS) ratio. Analyst expected $0.48 per share, but ConAgra Brands posted $0.51.
CAG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.43n/a
2017-Q3-n/a0.38n/a
2017-Q42018-03-220.560.618.9%
2018-Q12018-03-220.560.618.9%
2018-Q22018-06-270.430.516.3%
2018-Q32018-09-270.490.47-4.1%
2018-Q42018-12-200.550.6721.8%
2019-Q12019-03-210.480.516.3%
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, ConAgra Brands annual revenues inched a slightly good 1.42% to $7,938.30 M USD from $7,826.90 marked in 2017. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) stepped up a 2.02% to 10.18%.

To have an updated picture of the financial situation of ConAgra Brands, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual ConAgra Brands TTM sales up to February 2019 were $8,891.40 and income was $621.40 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem ConAgra Brands business evolution since May 2018: Annual revenues up to February, compared to lastest yearly report, boosted an exceptional 12.01%. Regarding profit margin, ConAgra Brands declined -3.19% to 10.18%

CAG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$15,500 M-$772 M5.0%-
2014$11,840 M-23.61%$612 M5.2%-20.82%
2015$9,034 M-23.70%$-252.60 M-2.8%-141.31%
2016$11,643 M28.88%$-677.00 M-5.8%168.01%
2017$7,827 M-32.78%$639 M8.2%-194.43%
2018$7,938 M1.42%$808 M10.2%26.45%
TTM $8,891 M12.01%$621 M7.0%-23.13%

Quarterly financial results

ConAgra Brands posted $2,707.10 M in revenues for 2019-Q1, a 13.57% up compared to previous quarter. Reported quarter income marked $242.00 million with a profit margin of 8.94%. Profit margin gained a 3.42% compared to previous quarter when profit margin was 5.52%. When comparing revenues to same quarter last year, ConAgra Brands sales marked an amazing increase and climbed a 35.73%. Looking back to recent quarterly results, ConAgra Brands posted 2 positive quarters in a row.
CAG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,860 M-$153 M8.2%-
2017-Q3$1,800 M-3.23%$153 M8.5%-0.13%
2017-Q4$2,173 M20.74%$224 M10.3%46.27%
2018-Q1$1,995 M-8.23%$363 M18.2%62.33%
2018-Q2$1,966 M-1.42%$70 M3.5%-80.82%
2018-Q3$1,834 M-6.70%$178 M9.7%156.03%
2018-Q4$2,384 M29.94%$132 M5.5%-26.15%
2019-Q1$2,707 M13.57%$242 M8.9%83.89%

ConAgra Brands ownership

When you are planning to buy shares of a stock, it's worth to overview its ownership structure.

ConAgra Brands shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.85% of all shares.

Bearish positions for CAG stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related companies:

CAGDFGISHAINLANC
Market cap$14.5 B$126.8 M$32.8 B$2.2 B$4.0 B
Total shares486.6 M91.9 M603.5 M104.2 M27.5 M
Float shares484.2 M90.3 M600.0 M80.6 M19.1 M
  - Institutional holdings (%)90.7%91.2%71.2%102.6%54.8%
  - Insider holdings (%)0.9%11.5%0.3%2.7%30.6%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

CAG summary

Friday, September 20th, 2019
Open$29.65
Close$29.79
Day range$29.65 - $30.10
Previous close$29.66
Session gain0.44%
Average true range$0.76
50d mov avg$28.76
100d mov avg$28.59
200d mov avg$26.60
Daily patternlb02a
Weekly pattern

ConAgra Brands performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare ConAgra Brands performance to Dean Foods, General Mills, The Hain Celestial, Lancaster Colony, Mondelez International, Pepsico, J.M. Smucker and Treehouse Foods:
Stock3m6m12m
CAGConAgra Brands4.49%14.23%-18.02%
DFDean Foods27.78%-53.22%-81.75%
GISGeneral Mills2.08%9.22%27.56%
HAINThe Hain Celestia...3.20%-8.50%-18.85%
LANCLancaster Colony-0.83%-5.42%-2.99%
MDLZMondelez Internat...0.09%13.16%28.12%
PEPPepsico1.83%13.83%21.51%
SJMJ.M. Smucker-10.58%-4.30%0.88%
THSTreehouse Foods2.60%-7.97%8.45%

ConAgra Brands competitors

We chose a few stocks to conform a list of ConAgra Brands competitors to watch if you are interested in investing in CAG:

Latest CAG stock news