ConAgra Reaches New 52-Week High (CAG)

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 Monday as it is currently trading at $27.76, above its previous 52-week high of $27.75 with 604,183 shares traded as of 10:30 a.m. ET. Average volume has been 4.1 million shares over the past 30 days.

ConAgra has a market cap of $11.2 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 4.5% year to date as of the close of trading on Friday.

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 22.1, above the average food & beverage industry P/E ratio of 18 and above the S&P 500 P/E ratio of 17.7.

  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

TheStreet Ratings rates ConAgra as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. 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.

See all 52-week high stocks or get investment ideas from our investment research center.

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.
null

If you liked this article you might like

Meal Kits Are Hot, and Weight Watchers May Be Next to Try Them

Watch Out For the Dominoes That Fall: Cramer's 'Mad Money' Recap (Wed 9/20/17)

Cramer: Dominoes Are in Play Today

Kraft Heinz Cooks Up Earnings Beat but Could Still Use Unilever