Stock Rating Downgrade
The Value Trend Rating for Conagra Brands Inc (NYSE: CAG) weakened in the last week from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Conagra Brands Inc (NYSE: CAG) stock closed at $30.62 on 4/19/24 after a modest gain of 0.9%. NORMAL trading volume accompanied the advance. The stock has risen 2.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
CAG is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Conagra Brands has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Conagra Brands has a neutral Appreciation Score of 46 and a neutral Power Rating of 41, with the Negative Value Trend Rating the result.
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