ConAgra Rises On Unusually High Volume (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) is trading at unusually high volume Thursday with 6.7 million shares changing hands. It is currently at two times its average daily volume and trading up $1.84 (+5.5%) at $35.20 as of 3 p.m. ET.

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ConAgra has a market cap of $13.81 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 13.1% year to date as of the close of trading on Wednesday.

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 27.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates ConAgra 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. You can view the full ConAgra Ratings Report.

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