ConAgra Foods Inc. (CAG): Today's Featured Consumer Goods Winner

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

ConAgra Foods ( CAG) pushed the Consumer Goods sector higher today making it today's featured consumer goods winner. The sector as a whole closed the day up 1.3%. By the end of trading, ConAgra Foods rose $0.77 (2.2%) to $35.66 on average volume. Throughout the day, 3,934,207 shares of ConAgra Foods exchanged hands as compared to its average daily volume of 3,458,100 shares. The stock ranged in a price between $35.11-$35.74 after having opened the day at $35.16 as compared to the previous trading day's close of $34.89. Other companies within the Consumer Goods sector that increased today were: China New Borun Corporation ( BORN), up 17.0%, Key Technology ( KTEC), up 12.8%, Chromcraft Revington ( CRC), up 11.7% and Navistar International ( NAV), up 10.0%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through two segments, Consumer Foods and Commercial Foods. ConAgra Foods has a market cap of $14.5 billion and is part of the food & beverage industry. The company has a P/E ratio of 29.2, above the S&P 500 P/E ratio of 17.7. Shares are up 18.3% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate ConAgra Foods a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates ConAgra Foods as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Furniture Brands International ( FBN), down 12.8%, Motorcar Parts of America ( MPAA), down 7.3%, Appliance Recycling Centers Of America ( ARCI), down 7.3% and Summer Infant ( SUMR), down 6.9%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
null

If you liked this article you might like

Walmart Will Start Offering Meal Kits on Its Website by December

Albertsons-Plated Deal Likely 'First Domino to Fall' In Meal Kit M&A

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

Cramer: Food Stocks Are Going Hungry

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