TSC Ratings provides exclusive stock, ETF and mutual fund ratings and commentary based on award-winning, proprietary tools. Its "safety first" approach to investing aims to reduce risk while seeking solid outperformance on a total return basis.
The following ratings changes were generated on Tuesday, June 2.
We've upgraded ConAgra Foods(CAG Quote) from hold to buy, driven by its revenue growth, good cash flow from operations, growth in earnings per share, relatively strong performance when compared with the S&P 500 during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Revenue increased by 6.1% since the year-ago quarter, and EPS improved by 26.5%. We feel the company is poised for EPS growth in the coming year. Net operating cash flow increased by 326.4% to $260.5 million compared with the same quarter last year. Return on equity decreased slightly from the same quarter a year ago. ...
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