Stock Rating Upgrade
The Value Trend Rating for Conagra Brands Inc (NYSE: CAG) improved in the last week from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/1/24, Conagra Brands Inc (NYSE: CAG) stock declined slightly by -0.1%, closing at $30.74. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -1.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CAG is expected to continue to be an important Value Builder.
Conagra Brands has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock's attractiveness. Conagra Brands has a neutral Appreciation Score of 45 and a neutral Power Rating of 42, producing the Low Neutral Value Trend Rating.