ConAgra Reaches New 52-Week High (CAG)
NEW YORK (TheStreet) -- ConAgra Foods (NYSE:CAG) hit a new 52-week high Wednesday as it is currently trading at $27.12, above its previous 52-week high of $27.10 with 2.6 million shares traded as of 3:30 p.m. ET. Average volume has been four million shares over the past 30 days.
ConAgra Foods, Inc. operates as a food company primarily in North America. It operates in two segments, Consumer Foods and Commercial Foods. The Consumer Foods segment provides branded, private label, and customized food products, which are sold in various retail and foodservice channels. The company has a P/E ratio of 15.4, below the average food & beverage industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates ConAgra as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full ConAgra Ratings Report.