Stock To Watch: ConAgra Foods, Inc. (NYSE:CAG)


The leading market experts have placed a mean price target of $51.10 on ConAgra Foods, Inc. (NYSE:CAG) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.66 a share for the upcoming quarter and $2.41 for the current fiscal.

Technical View

The technical analysis of ConAgra Foods, Inc. Common Stoc plainly substantiates that the 50-day moving average of ConAgra Foods, Inc. Common Stoc is $47.11, and stock is trading $-0.17 points away or -0.36% from its 50-day moving average of $47.11. Further it is trading $1.79 or +3.98% away its 200-day moving average of $45.15. ConAgra Foods, Inc. (NYSE:CAG) 52-week high is $48.81 and the 52-week low is $37.97.

This explains if the stock moves $-1.87, it will post a 52-week high. In event of +23.62% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of ConAgra Foods, Inc. Common Stoc, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, ConAgra Foods, Inc. (NYSE:CAG) ratio came in at N/A.

The stock last ended the trading session at $46.94 and registered a market cap of $20.59B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. ConAgra Foods, Inc. (NYSE:CAG) PEG ratio is at 2.67.

1 Chart Pattern Every Investor Should Know

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