CAG stock: buy or sell?
September 20th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-6||Goldman Sachs Group||Buy||Neutral|
|2019-9-19||Credit Suisse Group||n/a||Hold|
|2019-6-28||Bank of America||n/a||Buy|
|2019-5-20||Morgan Stanley||n/a||Equal Weight|
|2019-4-11||Bank of America||n/a||Buy|
|2019-3-22||Goldman Sachs Group||n/a||Buy|
|2019-3-22||Goldman Sachs Group||n/a||Buy|
|2019-3-22||Goldman Sachs Group||n/a||Buy|
|2019-3-22||Bank of America||n/a||Buy|
|2019-1-2||Goldman Sachs Group||Conviction-Buy||Buy|
CAG stock analysis
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.
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 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 $32.30How 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-6||Goldman Sachs Group||Downgrades||$33.00||$31.00||-6.1%|
|2019-9-19||Credit Suisse Group||Reiterates||n/a||$29.00||-|
|2019-6-28||UBS Group||Set Price Target||n/a||$32.00||-|
|2019-6-28||Bank of America||Set Price Target||n/a||$35.00||-|
|2019-4-11||Bank of America||Raises Target||$30.00||$35.00||16.7%|
|2019-3-22||Goldman Sachs Group||Set Price Target||$31.00||$32.00||3.2%|
|2019-3-22||Goldman Sachs Group||Reiterates||$31.00||$32.00||3.2%|
|2019-3-22||Goldman Sachs Group||Raises Target||$31.00||$32.00||3.2%|
|2019-3-22||Bank of America||Set Price Target||n/a||$30.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%
|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||$11,643 M||28.88%||$-677.00 M-5.8%||168.01%|
|2017||$7,827 M||-32.78%||$639 M8.2%||-194.43%|
|2018||$7,938 M||1.42%||$808 M10.2%||26.45%|
|TTM||$8,891 M||12.01%||$621 M7.0%||-23.13%|
Quarterly financial resultsConAgra 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.
|2017-Q2||$1,860 M||-||$153 M8.2%||-|
|2017-Q3||$1,800 M||-3.23%||$153 M8.5%||-0.13%|
|2017-Q4||$2,173 M||20.74%||$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 M||29.94%||$132 M5.5%||-26.15%|
|2019-Q1||$2,707 M||13.57%||$242 M8.9%||83.89%|
ConAgra Brands ownershipWhen 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:
|Market cap||$14.5 B||$126.8 M||$32.8 B||$2.2 B||$4.0 B|
|Total shares||486.6 M||91.9 M||603.5 M||104.2 M||27.5 M|
|Float shares||484.2 M||90.3 M||600.0 M||80.6 M||19.1 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$29.65 - $30.10|
|Average true range||$0.76|
|50d mov avg||$28.76|
|100d mov avg||$28.59|
|200d mov avg||$26.60|
ConAgra Brands performancePerformance 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:
|HAINThe Hain Celestia...||3.20%||-8.50%||-18.85%|
ConAgra Brands competitorsWe chose a few stocks to conform a list of ConAgra Brands competitors to watch if you are interested in investing in CAG:
- Dean Foods (DF)
- General Mills (GIS)
- The Hain Celestial (HAIN)
- Lancaster Colony (LANC)
- Mondelez International (MDLZ)
- Pepsico (PEP)
- J.M. Smucker (SJM)
- Treehouse Foods (THS)
Latest CAG stock news
- Seeking AlphaConagra Brands: Above Average Prospects At Below Average PricesAugust 1, 2019
- InvestorPlaceConagra Brands Earnings: CAG Stock Soars on Q3 BeatMarch 21, 2019
- InvestorPlace3 Big Stock Charts for Thursday: Conagra Brands, Intel and Franklin ResourcesFebruary 14, 2019
- InvestorPlace3 Big Stock Charts for Wednesday: Intel, Electronic Arts and Conagra BrandsFebruary 6, 2019
- InvestorPlace3 Big Stock Charts for Friday: Lowe’s Companies, HP and Conagra BrandsNovember 16, 2018