CAG Trading Cheaper Than Industry: What's Next for Investors?

Conagra Brands, Inc. (CAG) , one of North America's leading branded food companies, currently trades at a forward 12-month price-to-earnings ratio of 9.68X. The figure is below the industry and the S&P 500’s average of 16.03X and 21.88X, respectively, highlighting CAG as a potentially undervalued stock. For investors, this presents an attractive opportunity, which is further underscored by CAG’s current Value Score of A.CAG Stock P/E PerformanceImage Source: Zacks Investment ResearchCAG’s shares have lost 9 ...