Conagra Brands, Inc.CAG
▼ NegativeCapitalrelevance
Fair value estimate suggests stock is 7% overvalued.
Impact on stocks 1
Consumer Staples
Conagra Brands, Inc.Conagra Brands Launches Marigold Line, Seen 7% Overvalued
Product / Tech
Conagra Brands has launched Marigold, a new line of chef-inspired frozen entrées and Indian-style cooking sauces through its Canadian unit, expanding its presence in premium convenience foods. The launch comes as the company's share price has gained 16.31% over 90 days and 10.86% over 30 days, though the one-year total shareholder return is down 12.07%. Analysts expect earnings to reach $834.3 million, or $1.74 per share, by about June 2029, up from $43.3 million of losses today, with the most bullish estimate at $963.4 million and the most bearish at $730.6 million. A widely followed fair value estimate puts Conagra Brands at $14.59 per share versus a last close of $15.62, suggesting the stock is about 7% overvalued, while its price-to-sales ratio of 0.7x is roughly in line with peers and the US food industry.
Conagra Brands, Inc.Fair value estimate suggests stock is 7% overvalued.