Conagra Brands Inc (NYSE:CAG) price is hovering higher on Wednesday, April 17, jumping 0.77% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $30.01. The company’s P/E ratio in the trailing 12-month period read 15.24. Taking into account the 52-week price action we note that the stock hit a 52-week high of $38.73 and 52-week low of $25.16. The stock added 7.16% on its value in the past month.
Conagra Brands Inc, which has a market valuation of $14.46 billion. The company stock has a Forward Dividend ratio of 1.38, while the dividend yield is 4.56%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CAG a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 20.88. The overview shows that CAG’s price is at present 1.65% off the SMA20 and 5.41% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 57.02, with weekly volatility standing at 2.20%. The indicator jumps to 1.83% when calculated based on the past 30 days. Conagra Brands Inc (NYSE:CAG)’s beta value is holding at 0.38, while the average true range (ATR) indicator is currently reading 0.60.
An analysis of the Conagra Brands Inc (NYSE:CAG) stock in terms of its daily trading volume indicates that the 3-month average is 4.82 million.
Current records show that the company has 477.02M in outstanding shares. The insiders’ percentage holdings are 0.49% of outstanding shares while the percentage share held by institutions stands at 85.95%. But the 5.52% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
