Comparison To Peers: Equinor ASA (EQNR), Conagra Brands Inc. (CAG)

You should consider shares of Equinor ASA (NYSE:EQNR) and Conagra Brands Inc. (NYSE:CAG) if you are looking for a great stocks to invest in. Starting with the EQNR shares, which traded at $18.06 at the close of the recent session, dropping -2.59%. On Tuesday, the company’s shares shed -$0.48 from its value which represented in intraday trading. The stock is now -22.75% lower in year-to-date (YTD) trading. EQNR’s intraday high was $18.13 while its lowest price touched $17.91. The stock’s 52-week high price is $24.43, which means the current price is at -26.06%. In terms of trading activity, the daily trading volume rose to 3962421 against 200-day average trading volume of 1,757,776 shares.

What are analyst forecasts for Equinor ASA (NYSE:EQNR)?

At a consensus rating of 3.40, EQNR is trending as a streaking Hold, as it has been the case a month ago when 6 analysts called it a Moderate Buy. Two months ago, 6 analysts recommended, on average, that EQNR stock is a Moderate Buy. The Basic Materials company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $18.00 on the day.

Forecasts for Equinor ASA (NYSE:EQNR) give the stock a fair value for the growth of 22.12% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $23.19, which means the price per share could rise by nearly $5.13. The price range target is between a low of $20.38 and a high of $26.00. The stock would need to gain by about $30.54 to hit the estimated high or 0.9% from its 12-month low.

The consensus among 3 analysts is that it is a good time for one to Overweight in the Equinor ASA. 1 analysts rate EQNR as a Buy, with 0 of 3 analysts rate it as a Sell. 1 have valued the stock as Overweight and 1 have recommended that investors Hold.

Equinor ASA (NYSE:EQNR) Upgrades and Downgrades

In terms of rating changes, DNB Markets on September 27, 2019, Downgrade Equinor ASA (EQNR) at Hold. Analysts at JP Morgan have assigned a Neutral rating for the stock in their research note on September 16, 2019. Moreover, Credit Suisse analysts issued a rating of Outperform for the stock on September 04, 2019. On August 02, 2019, the stock earned a Neutral rating due to an analyst call from Goldman, while analysts from Bernstein on July 02, 2019 suggested that the stock is Outperform.

Conagra Brands Inc. (NYSE:CAG) adds -$0.16 on Tuesday

The CAG stock has risen 33.90% year-to-date and is currently trading at $28.60, which is -12.80% below its 52-week high. The company shares lost -0.56% on the day and have risen nearly 41.44% off a low hit. At current levels, Conagra Brands Inc. has a valuation of about $10.09B. As of 12/03/19, this stock has fallen -0.87% during the week and closed at $28.76 in the previous session. However, recent Conagra Brands Inc. stock performance shows that CAG shares are 4.11% up over the last month, and -1.00% down for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.55, with the trailing 12-month share earnings at $1.43. The ratio is expected to be up by 4.00% for the current year 2019 and 10.00% for next year. Over the next 5-year period, earnings per share will be 9.10%. But will the CAG stock surprise in the current quarter results, where the $0.43 actual EPS reported on 8/30/2019 surprised by 13.20% or was higher by $0.05 from the estimated $0.38.

Sales Growth to climb 0.20% for the year

How well will Conagra Brands Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $2.58B and $2.87B in current quarter sales. The consensus estimated for the current quarter is $2.8B from sales. Forecasts for this fiscal year are between $10.59B and $10.84B and the consensus estimate for sales is at $10.73B.

Who owns shares in Conagra Brands Inc. (CAG)?

Let’s briefly focus on the share ownership of the Conagra Brands Inc. (NYSE:CAG) stock, where we find that 90.71% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 55.6 million shares or 11.43% of shares outstanding. Price (T.Rowe) Associates Inc and Blackrock Inc. held 49.41 million and 41.8 million representing 10.15% and 8.59% respectively at the close of the last trading session. As of Sep 29, 2019, Macquarie Group Limited accounted for 30.66 million shares at over 940.67 million. This represented 6.30% of shares outstanding. Capital World Investors held 23.48 million shares at over 720.46 million representing 4.83% of shares outstanding.

CAG Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Conagra Brands Inc. (CAG), a total of 85146 shares have been sold by insiders over the last 6 months while 415372 shares were added in the same time span. On 7/19/2019, President & Chief Executive Officer by the name Connolly Sean M sold 44692.0 shares worth $1.3 million at the price of $28.90 per share. Filings also show that Mcgough Thomas M sold a total of 26099.0 shares on 9/26/2019 valued at $809100.0. Since the last insider activity, the company’s share price has dropped -7.74%.