Conagra Brands Inc (NYSE: CAG) has reported earnings for its second fiscal quarter (ending November 30) of $0.60 versus $0.80 for the same period a year ago — a decline of -25%. For the latest four quarters through November 30, E.P.S. were $2.07 versus $1.41 for the same period a year ago — an increase of 47%.
Recent Price Action
On 1/4/24, Conagra Brands Inc (NYSE: CAG) stock declined modestly by -1.9%, closing at $28.72. Moreover, this decline was accompanied by exceptionally high trading volume at 275% of normal. The stock has risen 0.6% during the last week but has been weak relative to 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Conagra Brands has a neutral Appreciation Score of 51 but a poor Power Rating of 30, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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