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ConAgra Reaches New 52-Week High (CAG)

By TheStreet Wire 12/12/12 - 03:08 PM EST

Find out if (CAG) is in Cramer's Portfolio.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- ConAgra Foods (NYSE:CAG) hit a new 52-week high Wednesday as it is currently trading at $30.36, above its previous 52-week high of $29.96 with 6.8 million shares traded as of 2:45 p.m. ET. Average volume has been 3.9 million shares over the past 30 days.

ConAgra has a market cap of $12.12 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 12.7% year to date as of the close of trading on Tuesday.

ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through two segments, Consumer Foods and Commercial Foods. The company has a P/E ratio of 19.7, above 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, solid stock price performance, attractive valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full ConAgra Ratings Report.

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