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CAG
Stock ticker:
NYSE
AS OF
Jun 28 closing price
Price
$33.91
Change
-$0.18 (-0.53%)
Capitalization
16.34B

CAG Price Prediction, Conagra Brands AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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12:00 AM EDT Jun 28, 2022

Momentum Indicator for CAG turns positive, indicating new upward trend

CAG saw its Momentum Indicator move above the 0 level on June 23, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 94 similar instances where the indicator turned positive. In 53 of the 94 cases, the stock moved higher in the following days. The odds of a move higher are at 56%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CAG's RSI Indicator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CAG just turned positive on June 21, 2022. Looking at past instances where CAG's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

CAG moved above its 50-day moving average on June 24, 2022 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CAG advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 10-day moving average for CAG crossed bearishly below the 50-day moving average on May 24, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CAG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CAG broke above its upper Bollinger Band on June 23, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.856) is normal, around the industry mean (6.996). P/E Ratio (15.798) is within average values for comparable stocks, (30.751). Projected Growth (PEG Ratio) (2.110) is also within normal values, averaging (3.030). Dividend Yield (0.037) settles around the average of (0.035) among similar stocks. P/S Ratio (1.441) is also within normal values, averaging (28.424).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CAG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CAG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock worse than average.

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published price charts
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A.I. Advisor
published Earnings

CAG is expected to report earnings to rise 8.83% to 63 cents per share on July 14

Conagra Brands CAG Stock Earnings Reports
Q2'22
Est.
$0.63
Q1'22
Est.
$0.58
Q4'21
Missed
by $0.04
Q3'21
Beat
by $0.02
Q2'21
Beat
by $0.02
The last earnings report on April 07 showed earnings per share of 57 cents, beating the estimate of 57 cents. With 3.38M shares outstanding, the current market capitalization sits at 16.34B.
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A.I.Advisor
published Dividends

CAG paid dividends on June 01, 2022

Conagra Brands CAG Stock Dividends
А dividend of $0.31 per share was paid with a record date of June 01, 2022, and an ex-dividend date of April 28, 2022. Read more...
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published Highlights

Notable companies

The most notable companies in this group are Mondelez International (NASDAQ:MDLZ), Kraft Heinz Company (The) (NASDAQ:KHC), General Mills (NYSE:GIS), Campbell Soup Company (NYSE:CPB), Beyond Meat (NASDAQ:BYND).

Industry description

A specialty/candy manufacturer specializes in one or more of the following: chocolate, candies, pasta, condiments, seasonings, among other items. Hershey Company, McCormick & Company and J.M. Smucker Company are some of the major firms in this segment. Demand for this industry’s products comes from both institutions/restaurants as well as households.

Market Cap

The average market capitalization across the Food: Specialty/Candy Industry is 6.89B. The market cap for tickers in the group ranges from 22.7K to 318.88B. NSRGY holds the highest valuation in this group at 318.88B. The lowest valued company is BTHR at 22.7K.

High and low price notable news

The average weekly price growth across all stocks in the Food: Specialty/Candy Industry was 0%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -6%. BFNH experienced the highest price growth at 123%, while MTTCF experienced the biggest fall at -83%.

Volume

The average weekly volume growth across all stocks in the Food: Specialty/Candy Industry was -62%. For the same stocks of the Industry, the average monthly volume growth was -97% and the average quarterly volume growth was -95%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 54
Price Growth Rating: 53
SMR Rating: 39
Profit Risk Rating: 81
Seasonality Score: 0 (-100 ... +100)
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published General Information

General Information

a maker of processed and packaged foods

Industry FoodSpecialtyCandy

Profile
Fundamentals
Details
Industry
Food Major Diversified
Address
222 W. Merchandise Mart Plaza
Phone
+1 312 549-5000
Employees
16500
Web
http://www.conagrabrands.com

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CAG and

Correlation & Price change

A.I.dvisor indicates that over the last year, CAG has been closely correlated with GIS. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if CAG jumps, then GIS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CAG
1D Price
Change %
CAG100%
-0.41%
GIS - CAG
76%
Closely correlated
-1.08%
CPB - CAG
76%
Closely correlated
-0.50%
K - CAG
71%
Closely correlated
-0.39%
MDLZ - CAG
68%
Closely correlated
-1.45%
MKC - CAG
68%
Closely correlated
-1.24%
More